Intel could make massive cuts to its workforce. The stock rises 5%

Intel could make massive cuts to its workforce. The stock rises 5%

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Intel (INTC+2.89%) Corp. will announce a purge of 20% of its staff as it aims to pare back bureaucracy within the company, according to a new report. That would amount to about 21,0000 jobs being eliminated.

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https://qz.com/intel-layoffs-20-percent-workforce-21000-jobs-bloomberg-1851777464