Home Uncategorized Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025

Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025

by Sonia Park
Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025

Intel has announced a significant workforce reduction, cutting 15,000 jobs, or approximately 15% of its global workforce. The decision, revealed by CEO Pat Gelsinger in a note to employees on Thursday, is part of the company's broader strategy to save $10 billion by 2025 following disappointing second-quarter financial results.

https://youtu.be/rVQW3ReWOn8

In his note, Gelsinger acknowledged the gravity of the decision, stating, "This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company's history." He emphasized that the. . .

You have exceeded the number of free content views. To continue viewing exclusive JudgeNap content,  you'll need a subscription. Please choose your subscription plan here.

Already a member?  Login here.

You may also like

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00