Intel to lay off more than 15,000 employees, cut billions in costs


Intel to lay off more than 15,000 employees, cut billions in costs
By: Jonathan Lamont Posted: August 3, 2024
Intel announced major changes including a 15 percent reduction in staff as part of an effort to save $10 billion in costs for 2025. Other changes include reducing research and development (R&D) and marketing spend by billions through 2026, reducing capital expenditures by over 20 percent and restructuring to “stop non-essential work.” Intel told The […]
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