US-based processor manufacturer Intel published its financial reports for the second quarter of 2024 the other day. The famous company announced that it will lay off the jobs of more than 15 thousand employees with the new savings plans it will implement in order to compensate for the income losses it has experienced. Details are in the news. Intel Will Save 10 Billion Dollars by Laying Off Its Employees! In its statement about the financial results today, the giant company announced that a new savings plan of 10 billion dollars will be implemented for 2025. The company states that it will reduce its workforce by 15 percent within the scope of this plan. This figure means that the chip giant, which currently has more than 125 thousand employees, will part ways with more than 15 thousand employees. In addition to shrinking its workforce, Intel plans to save billions of dollars in R&D and marketing expenses each year through 2026. The company will also reduce capital expenditures by 20 percent this year and restructure to suspend non-essential projects. In this context, all active projects and organizations will be reviewed soon. The biggest role in Intel’s decision-making is that the company will have a loss of $1.6 billion in the second quarter of 2024. The company announced a loss of only 437 million dollars in the same period of 2023. Intel’s CEO, Pat Gelsinger, made statements about the company’s bad financial situation in the press release. “Our second quarter financial performance was disappointing, even though we achieved key product and process technology milestones. Our revenues did not grow as expected, and we have not yet fully capitalized on powerful trends such as artificial intelligence,” Gelsinger said. he said. So what do you think about this issue? Let’s meet in the comments…
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