Re:Intel Reports Second-Quarter 2023 Financial Results
by irrational on Thursday July 27, 2023 @06:29PM
(#36900994)
How much of this is due to salary cuts, benefits/bonus cuts, and layoffs? I live in an area with a lot of Intel campuses and I know a ton of people that were laid off, had their salary cut, no bonuses, etc.
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Re:Intel Reports Second-Quarter 2023 Financial Results
by oumua_don17 on Thursday July 27, 2023 @07:27PM
(#36901432)
David Zinsner, Intel CFO, said, “Strong execution, including progress towards our $3 billion in cost savings in 2023, contributed to the upside in the quarter. We remain focused on operational efficiencies and our Smart Capital strategy to support sustainable growth and financial discipline as we improve our margins and cash generation and drive shareholder value.”
From: https://www.intc.com/news-events/press-releases/detail/1637/...