Intel stock plunges as company announces cost cutting plan to slash jobs, suspend dividend ...Middle East

Chip giant Intel (INTC) reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines, and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, […] The post Intel stock plunges as company announces cost cutting plan to slash jobs, suspend dividend appeared first on NY Times News Today.

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