Intel to cut 15 percent jobs, suspend dividend in turnaround push; shares plummet

By

The chipmaker pursues a turnaround focused on its money-losing manufacturing business.

Intel to cut 15 percent jobs, suspend dividend in turnaround push; shares plummet
Intel said on Thursday it would cut more than 15 percent of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround focused on its money-losing manufacturing business. It also forecast third-quarter revenue below market ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Coles Group to test agentic AI on staff leave booking

Coles Group to test agentic AI on staff leave booking

Guzman y Gomez continues to deploy Workday as core people platform

Guzman y Gomez continues to deploy Workday as core people platform

Bunnings pilots AI for its 55,000-strong workforce

Bunnings pilots AI for its 55,000-strong workforce

ACT’s $30m HR system upgrade under scrutiny amid high staff turnover

ACT’s $30m HR system upgrade under scrutiny amid high staff turnover

Log In

  |  Forgot your password?