Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds
Briefly

Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate. Our revenues have not grown as expected [...] Our costs are too high, our margins are too low.
These decisions have challenged me to my core, and this is the hardest thing I've done in my career.
Read at New York Post
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