Intel Stock Jumps as Chipmaker Reportedly Plans To Cut Over 20% of Staff

Intel Stock Jumps as Chipmaker Reportedly Plans To Cut Over 20% of Staff

KEY TAKEAWAYS

  • Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff.
  • The layoffs are part of Intel’s bid to streamline its operations, Bloomberg reported, citing a person with…

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