Posted by DigiNomad on 1st of Aug 2024 at 04:10 pm
INTC cutting costs (aka firing people) and expected to continue.
Projected to cut 1 billion in costs. I'm guessing all the
layoffs are backfilled with AI bots, but hard to say until someone
probably asks at the conference call.
INTC - big bite out
Posted by DigiNomad on 1st of Aug 2024 at 04:02 pm
INTC - big bite out of the chip
INTC cutting costs (aka firing
Posted by DigiNomad on 1st of Aug 2024 at 04:10 pm
INTC cutting costs (aka firing people) and expected to continue. Projected to cut 1 billion in costs. I'm guessing all the layoffs are backfilled with AI bots, but hard to say until someone probably asks at the conference call.
Down 20% .... cut 15%
Posted by mla127 on 1st of Aug 2024 at 05:40 pm
Down 20% .... cut 15% of it's workforce ... Went from Intel inside ... to Intel Outside ...