Tag: Intel

Home » Intel
Intel CEO Says Layoffs Will Affect 15,000: 'Tough Day'
Post

Intel CEO Says Layoffs Will Affect 15,000: ‘Tough Day’

After reporting a $1.6 billion net loss for Q2 2024, Intel is aiming to cut costs by $10 billion by next year. On Thursday, the tech giant announced layoffs affecting more than 15,000 people, about 15% of Intel’s current workforce. In a Thursday memo to staff, Intel CEO Pat Gelsinger said that revenue hadn’t grown...