Intel introduced on Thursday that it had accomplished the chopping of 15% of its workforce that was introduced final quarter. Notably, the layoffs had been one of many first choices taken by new Intel CEO Lip-Bu Tan when he took over the corporate in March. In a press launch in regards to the Intel earnings … Read more
(Reuters) -Intel is planning to separate its networking and communications unit right into a stand-alone firm and has begun the method of figuring out traders, the chipmaker mentioned on Friday, as new CEO Lip-Bu Tan appears to streamline its operations. Tan’s plan to rejuvenate the once-iconic chipmaker focuses on shedding non-core belongings and lowering bills … Read more
(Bloomberg) — Shares of Intel Corp. tumbled 8.5% on Friday after Chief Govt Officer Lip-Bu Tan sparked issues that he was extra centered on value chopping than restoring the chipmaker’s technological edge. As a part of Intel’s second-quarter report, Tan mentioned the corporate will cancel some manufacturing unit initiatives and take a extra conservative strategy … Read more
