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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 ...
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 ...
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 ...
In early August, Intel suspended its dividend and said it would lay off 15% of its workforce to save up to $10 billion by 2025. Those shocking announcements accompanied a dismal second-quarter ...
It suffered severe losses that forced the tech giant to suspend its dividend to save money. Additionally, Intel announced massive layoffs, cutting 15% of its workforce, or 15,000 jobs, in a bid to ...
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.
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 brings out the hatchet to its dividend. For premium support please call: 800-290-4726 more ways to reach us