Intel's sales forecast falls far short of market expectations — plans to cut headcount

Updated 2024/8/2 7:02 JST (some excerpts)
Plans to cut just over 15% of all employees, which is around 0.11 million people - stock prices plummeted outside of hours
Dividend payments suspended from the October-December fiscal year to continue until cash flow improvements
paddyIntelThe sales forecast for July-September (3rd quarter) announced on the 1st fell far short of analysts' expectations. The company also announced personnel cuts of more than 15,000 people. In a form where business is being taken away by competitors that have an advantage in response to the artificial intelligence (AI) boom,stock priceIt temporarily fell by just over 18% due to overtime trading after normal trading.