Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound

RION [she/her] to

technology • 5 months ago

9 Comments

(Bloomberg) -- Intel Corp. plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedHamas Says Israel Killed Political Leader With Airstrike in IranIsrael’s Twin Strikes in Tehran, Beirut Ratchet Up T

Between the 13th/14th gen degradation issues and this Intel is not having a good time

Good thing one of Brandon's major legislation "accomplishments" isn't majorly riding on Intel or anything

Chat

Black_Mald_Futures [any]
·
5 months ago
and then immediately use it for stock buybacks

link
- RION [she/her]
  hexagon
  ·
  5 months ago
  yarp, that's the CHIPS act brandon loves to talk up
  
  link

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