Intel Corp. Planning Significant Layoffs Amid Low PC Sales
The low sales of personal computers (PC) prompted the chip maker Intel Corp. to engage in cost-cutting activities that will likely result in significant layoffs. According to Bloomberg, Intel plans to make a “major reduction in headcount,” with thousands of employees set to lose...
Intel Corp Stock Tumbles 10% After Company Misses Badly on Estimates
Intel Corp's second-quarter report, which was shared late on Thursday, shows that the chip maker was hit hard by the lower demand for semiconductors. The company missed badly on Wall Street estimates while also slashing full-year guidance.
Intel Corp shares suffered a 10% hit in...