Tag: intel
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Layoffs News: Intel Announces 2,000 Job Cuts with 60-Day Notice for Laid-Off Workers !
A significant change in Intel’s business approach has occurred with the company terminating over 2,000 employees in many US states. This comes after the business announced in August that it would be implementing major layoffs in an attempt to deal with financial difficulties and escalating competition in the semiconductor sector. The heaviest impact of the…
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Intel’s Job Cuts: Key Points on $10 Billion Savings Plan!
Intel has made news for downsizing its workforce and reducing jobs over the past few weeks. According to a recent statement, the leading company in the computer chip industry reported a 1% decrease in revenue for the second fiscal quarter ending on June 29, compared to the same period last year. As a result, the…