The reduction in headcount is a response. Intel initiates fifth round of layoffs, further job losses in 2024 expected.
Muhammad zuhair • apr 6, 2024 01:40 pm edt. Technology giant intel intc initiated a new round of job cuts this week, impacting an undisclosed number of employees in its sales and marketing unit.
Intel Is Planning Substantial Job Cuts, Likely Numbering In The Thousands, According To A Report From Bloomberg News.
What do you need to know about the latest intel layoffs?
The Company Posted A Net Loss Of $454 Million In The Second Quarter, Compared With A Net Income Gain Of $5 Billion For The Same Period A Year Ago.
Following the recent q1 2023 financial report with declining revenue, intel is restructuring its client computing group (ccg) and data center group (dcg).
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Tech Layoffs Were Big News In 2023, And That’s Still The Case As We Roll In To March 2024, With Major Companies Like.
Intel shares more details about its lunar lake copilot+ ai pc chip;
You Can Click The Graphic Below For The Historical Numbers, But It Shows That As Of March 2024 Intel Had Us$52.5B Of Debt, An Increase On Us$50.3B, Over One Year.
A wave of layoffs continues to rattle the tech industry, with semiconductor chip manufacturer intel on monday confirming that it plans to cut its workforce to reduce.