{"id":840134,"date":"2024-08-02T10:13:25","date_gmt":"2024-08-02T04:43:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840134"},"modified":"2024-08-02T10:13:25","modified_gmt":"2024-08-02T04:43:25","slug":"intel-says-it-will-slash-more-than-15-of-workforce-to-cut-costs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/02\/intel-says-it-will-slash-more-than-15-of-workforce-to-cut-costs\/","title":{"rendered":"Intel says it will slash more than 15% of workforce to cut costs"},"content":{"rendered":"<p>San Francisco: US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.<\/p>\n<p>The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended quarter.<\/p>\n<p>&#8220;Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones,&#8221; Intel chief executive Pat Gelsinger said in an earnings release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco: US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations. The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended quarter. &#8220;Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones,&#8221; Intel chief executive Pat Gelsinger said in an earnings release.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-840134","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840134"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840134\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}