“Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound”
August 2, 2024
“…The workforce reduction may be announced as early as this week, according to people familiar with the company’s plans, who asked not to be identified because the information isn’t public. Intel, which is scheduled to report second-quarter earnings Thursday, has about 110,000 employees, excluding workers at units that are being spun out…”
https://finance.yahoo.com/news/intel-cut-thousands-jobs-reduce-212255937.html