Intel layoffs to impact 15% of workforce ...Middle East

(KRON) -- Intel has announced plans to lay off 15 percent of its global workforce. On Thursday, the semiconductor chip manufacturing giant posted its second-quarter financial results for 2024, including a $10 billion cost reduction plan. The plan, which the job cuts are a component of, is intended to "increase efficiency and market competitiveness," the Santa Clara-based company said. Intel's second-quarter revenue is down 1 percent year-over-year, and the company said it will be suspending dividends in the fourth quarter of 2024. ‘Cheers’ for Trump were actually laughs, KRON4 reporter says "Our Q2 financial performance was disappointing, even as we hit key product and pro

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Last updated : 01 August 2024 clock 11:57 PM

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Intel layoffs to impact 15% of workforce ...Middle East

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