Intel Layoffs July 2024 . Intel hopes to implement $10 billion in cost savings for 2025, and will reduce. Announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like nvidia.
The tech giant, which has seen its stock price fall nearly 40 percent since earlier this year, likely wants to use the funds saved to invest in overcoming a recent. Layoff of 15% of workforce.
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