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Intel to cut jobs by thousands — aiming to control costs and improve performance

Updated 2024/7/31 8:11 JST (some excerpts)
Staff cuts will be announced as early as this week - stakeholders
Large investments in research and development and new plants to restore market share
US Intel is planning to cut personnel on the scale of several thousand people. In addition to controlling costs, we will secure funding for ambitious efforts aimed at breaking away from poor performance and recovering market share.
  According to people familiar with the company's plans, there is a possibility that personnel cuts will be announced as early as this week. The company is scheduled to announce financial results for April-June (2nd quarter) on August 1, and the number of employees is approximately 0.11 million, excluding employees in divisions that will be spun off.
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