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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 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 ...
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
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 ...
The stock of Intel (NASDAQ: INTC) is getting crushed in Friday's trading. The company's share price was down 29% as of 10:30 a.m. ET today, according to data from S&P Global Market Intelligence .
Lastly, Intel, as part of its path to recovery and growth, has launched a $10 billion cost reduction plan, with the company slashing its workforce by 15% and suspending its dividend as of the ...
Intel brings out the hatchet to its dividend. For premium support please call: 800-290-4726 more ways to reach us
(Reuters) - Intel former CEO Pat Gelsinger could get as much as $12 million as payout, a regulatory filing showed on Tuesday, following his ouster from the struggling U.S. chipmaker. The company ...