Daisey Erminia

Intel Layoffs 2024 India Statement Of Purpose. Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, bloomberg news reported on tuesday, citing people familiar with the matter. Intel is preparing for the economic downturn and preserving cash for future plans.

Intel lost more than a quarter of its value on friday after revealing drastic plans to slash its employee headcount and capital spending, as it suffered the latest setback in its slow. Courtesy of intel corporation one of oregon’s largest private employers told the state tuesday it’s permanently laying off.