Intel Reports Second-Quarter 2024 Financial Results; Announces $10 Billion Cost Reduction Plan to Increase Efficiency and Market Competitiveness
Implementing comprehensive reduction in spending, including a more than 15% headcount reduction, to resize and refocus.
Intel Corporation today reported second-quarter 2024 financial results. “Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones. Second-half trends are more challenging than we previously...

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