Intel Will Cut Over 15,000 Jobs Amid Struggles to Turn Itself Around
Source: New York Times
Intel, the Silicon Valley chip maker, said on Thursday that it will slash more than 15,000 jobs to aid a turnaround plan, as the company tries to recover after a series of stumbles.The job cuts amounted to 15 percent of Intel’s work force. The company also announced other restructuring moves and a reduction in capital spending, which are expected to cut costs by $10 billion in 2025. To conserve cash, Intel also…
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