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Thursday, August 1, 2024

Intel to lay off 15,000 employees

Intel announced it would layoff more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. The massive headcount is part of a large plan to reduce spending by $10 billion in 2025, following a dismal second quarter earnings report and outlook. “Our revenues have not grown as expected – […]

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