Tech Industry Struggles Continue As Intel Cuts 1,600 Jobs
Allwork
OCTOBER 16, 2024
In addition to these layoffs, many employees have opted for voluntary severance, buyouts, and early retirement, which could push the total number of departures beyond 3,000 if cuts are applied uniformly across the company. In response, the company is implementing asset cuts and pausing several projects to stabilize its finances.
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