Intel Stock Rallies as Chipmaker Plans Deep Workforce Cuts – Wall Street Pit

Intel Stock Rallies as Chipmaker Plans Deep Workforce Cuts – Wall Street Pit

  • Intel’s  (INTC) shares rose over 6% to $20.70 in early trading Wednesday, driven by plans to cut more than 20% of its 108,900 workforce, affecting roughly 22,000 employees, to streamline operations and refocus on an engineering-driven…

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