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Intel to announce plans this week to cut over 20% of staff [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Most Read from Bloomberg Trump Gives New York ‘One Last Chance' to End Congestion Fee DOGE Visits National Gallery of Art to Discuss Museum's Legal Status The Racial Wealth Gap Is Not Just About Money Backyard Micro-Flats Aim to Ease South Africa's Housing Crisis The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to the person, who asked not to be identified because the plans are private. It would be the first major restructuring under new Chief Executive Officer Lip-Bu Tan, who took the helm last month. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August. Intel had 108,900 employees at the end of 2024, down from 124,800 the previous year. A representative for Intel declined to comment. Intel shares rose as much as 3.5% in premarket trading before New York exchanges opened on Wednesday. The stock has declined about 43% in the past 12 months and closed at $19.51
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