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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 ...
(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 costly turnaround after losing its ...
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 .
Intel recently suspended its dividend, and pharmacy retailer Walgreens Boots Alliance slashed its payout by 48% back in January. Both companies are facing headwinds and have uncertain futures.
The fact that Intel suspended its dividend and is laying off over 15% of its workforce shows that it has fallen well short of its goals. That news in August sent the stock to multiyear lows.