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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 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 shares rose 5% Monday after the company announced the 63-year-old Gelsinger, ... the company announced it would suspend the dividend it had paid to shareholders for over three decades.
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 ...
2024 - Intel cuts 17,500 jobs, suspends dividend and embarks on a turnaround of its money-losing manufacturing business. (Reporting by Noel Randewich, Max A. Cherney and Arsheeya Bajwa; editing by ...
Intel Corporation, an American multinational corporation and technology company headquartered in Santa Clara, California, is the world's largest semiconductor chip manufacturer by revenue. [ 1 ] [ 2 ] Since its inception, the company has acquired dozens of companies across the global technology industry, with seven multi-billion-dollar ...
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 .