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Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
August 2, 2024 at 5:55 PM. In a memo to employees on Thursday, Intel announced it would be laying off 15,000 employees, a number that accounts for more than 15% of its total workforce. As the tech ...
August 1, 2024 at 7:58 PM. Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals ...
In September 2022, Biden praised Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year.
Work continues on the Intel computer chip manufacturing facility in New Albany on Tuesday. The company on Thursday announced it plans to cut 15% of its workforce in an effort to restructure. Intel ...
In September 2022, Biden praised Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year.
July 30, 2024 at 5:33 PM. (Reuters) -Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with ...
Intel, like the rest of the chip sector, is at a significant pivot point as the industry shifts to AI, but the reorganization and layoffs, which won't be fully implemented until the end of 2025 ...