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Intel Cuts 15,000 Jobs as Chipmaker Struggles in AI Race, Losing $32 Billion in Market Value

Business

3 Aug, 2024

Intel Cuts 15,000 Jobs as Chipmaker Struggles in AI Race, Losing $32 Billion in Market Value


Intel, the iconic chipmaker that helped power the PC revolution, is facing a turbulent era as it grapples with declining...

Intel Stock Plunges 19% After Layoffs, Dividend Suspension & Earnings Miss

Business

2 Aug, 2024

Intel Stock Plunges 19% After Layoffs, Dividend Suspension & Earnings Miss


Intel, the chip giant, announced a sweeping $10 billion cost-reduction plan that includes laying off over 15% of its workforce...

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