this post was submitted on 23 Apr 2025
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Intel to Announce Plans This Week to Cut More Than 20% of Staff (www.bloomberg.com)
submitted 16 hours ago by Tea@programming.dev to c/technology@lemmy.world
19 comments fedilink hide all child comments
 

Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

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[–] sunzu2@thebrainbin.org 6 points 14 hours ago

Suffering decades of imbeciles executive "leadership"

They spent the R&D budgets on stock buy backs and now rely on federal government to pitch in for their capex.