Intel crashes as Q2 results, guidance miss expectations; lays off 15% of staff (INTC)
Intel (INTC) shares crashed after the company reported weak second-quarter results, guidance and said it would cut 15% of its staff and suspend its dividend. Read for more.
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An ickle-biddy share-market crash and they need to lay off staff? Sounds like they had too many staffs, then. Oh what's this? Diverstiy and Inclusion Officer? Wellbeing Advisor? Organic Smoothie Engineer? Barista tea-lady?
u/#haha
Wouldn't doubt a lot has to do with their disastrous 13/14 gen CPUs that have a 50% rate of frying. And the fact they aren't even doing a recall, might be a good part of this.