Intel Faces Turbulent Times as Job Cuts and Stock Plummet Signal Challenges Ahead
In a startling turn of events for one of the world’s leading chip manufacturers, Intel has encountered significant challenges that have sent its stock to levels not seen since 1974. Following a disappointing quarterly earnings report that revealed a staggering loss of $2.46 billion, the company announced a drastic 15% reduction in its workforce, amounting to approximately 18,000 jobs. This decision underscores the pressing need for the tech giant to streamline operations in the face of mounting ...