Intel is set to lay off 15,000 employees, accounting for over 15 per cent of its workforce as part of a 10 billion dollars cost-cutting plan for 2025.
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(Reuters) - Intel was sued on Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, and prompted the Silicon Valley chipmaker to suspend its dividend and to plan cutting its workforce by 15%. Read full story
Intel is set to lay off 15,000 employees, accounting for over 15 per cent of its workforce as part of a 10 billion dollars cost-cutting plan for 2025.
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