Intel cuts 15,000 jobs, posts $1.6 billion loss just months after receiving Biden funding
Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals such as Nvidia and AMD. In a memo to staff, Intel CEO Pat Gelsinger said Thursday the company plans to save $10 billion by 2025. “Simply … Read more