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Intel to lay off 17,500 employees, or 15% of its total workforce, after losing half of its market cap this year

Intel announced on Thursday that it would lay off 17,500 employees, or more than 15% of its total workforce, in a bid to turn around its money-losing semiconductor manufacturing business. The Santa Clara, California-based Intel currently employs 116,500 people as
The post Intel to lay off 17,500 employees, or 15% of its total workforce, after losing half of its market cap this year first appeared on Tech Startups.

Intel announced on Thursday that it would lay off 17,500 employees, or more than 15% of its total workforce, in a bid to turn around its money-losing semiconductor manufacturing business. The Santa Clara, California-based Intel currently employs 116,500 people as […]

The post Intel to lay off 17,500 employees, or 15% of its total workforce, after losing half of its market cap this year first appeared on Tech Startups.

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