Intel CEO Pat Gelsinger Reveals Cost-Cutting Strategy
Intel's Financial Shift
In a recent earnings call, Intel reported plans to suspend its dividend and cut its workforce by 15%. The goal is to save around $10 billion, reflecting a strategic move under CEO Pat Gelsinger. With a focus on operational efficiency, Gelsinger is exploring options to potentially offload non-core business units.
The Road Ahead for Intel
This new direction emphasizes Intel’s urgency to regain market competitiveness. Gelsinger's leadership is pivotal as he navigates through the challenges posed by market dynamics and financial pressures facing the tech giant.
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