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(Reuters) -Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround ...
The lawsuit came after Intel said last Thursday it would lay off more than 15% of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a ...
The proposed class action names Intel, Chief Executive Patrick Gelsinger and Chief Financial Officer David Zinsner as defendants. Intel shareholders sue chipmaker after layoffs, dividend cuts ...
In August, Intel laid off 15,000 employees, said it would suspend its dividend starting in the fourth quarter, and cut its capital spending. Intel's stock price rose more than 3% when markets ...
Computer company Intel didn't just lower its dividend; it suspended it entirely earlier this year. The company's CEO Pat Gelsinger said that the move was necessary due to liquidity needs and for ...
As part of extensive cost cutting, the company will lay off 15% of its workforce. It will also suspend its dividend in the fourth quarter. Intel is firmly in turnaround mode, and it's looking for ...
By Noel Randewich and Arsheeya Bajwa (Reuters) -Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a ...
Intel stock has lost more than 59% of its value so far this year, slumping 26% on Aug. 2 after the company suspended its dividend. It was nearly flat in extended trading on Tuesday.