AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Intel Lay Offs: The giant chip maker will lay off 15,000 employees, CEO gave these reasons – AnyTV News

by Aaryan Srivastav
August 2, 2024
Intel Lay Offs: The giant chip maker will lay off 15,000 employees, CEO gave these reasons - India TV Hindi


Photo:REUTERS US chipmaker Intel is planning massive layoffs

Intel Lay Offs: The giant chip maker Intel is going to do a big layoff. It is reported that the American company is going to cut 15 percent of its huge workforce, in which about 15,000 people will be fired. Actually, the company is trying to change its business so that it can compete with rival companies like Nvidia and AMD. In a memo sent to employees, Intel Corp CEO Pat Gelsinger said on Thursday that the company is working on a plan to save $ 10 billion in the year 2025.

What Pat Gelsinger told employees

“We must align our cost structure with our new operating model and fundamentally change the way we operate,” Pat Gelsinger said in a memo published on Intel’s website. “Our revenues have not grown as expected and we have not yet fully benefited from powerful trends like AI. Our costs are too high, our margins are too low.”

Decision to cut jobs after disappointing quarter

The job cuts come after a disappointing quarter and forecast for Intel, the iconic chipmaker founded in 1968 at the start of the PC revolution. Intel will announce an “enhanced retirement offering” for eligible employees and an application program for voluntary departures, Gelsinger wrote. “These decisions have challenged me to my core and have been some of the most difficult I have had to make in my career,” he said. The bulk of the layoffs are expected to take place this year.

Decision to suspend stock dividend

The California-based company is also suspending its stock dividend as part of a broader plan to cut costs. Intel reported a loss for its second quarter as well as a slight drop in revenue and forecast lower third quarter revenue than Wall Street estimates.

Latest Business News



SendShareShareTweetSharePinShareSend

Related Posts

News

Special meeting of the Security Council to discuss the crisis of worse from bad to worse

by Ankita Sharma
July 26, 2025
Brother-in-law was secretly doing romance, as soon as the husband entered the bedroom, whoever heard this incident…
News

Brother-in-law was secretly doing romance, as soon as the husband entered the bedroom, whoever heard this incident…

by Ankita Sharma
July 26, 2025
UP: Busted the inter -state racket of conversion, operations 'Asmita' by running 'Asmita'
News

UP: Busted the inter -state racket of conversion, operations ‘Asmita’ by running ‘Asmita’

by Ankita Sharma
July 26, 2025

Latest News

sdfad
Astrology

If you are also sending Sinjara sending daughter’s house on greenery Teej, do not forget to send these things, otherwise the relationship will break

by Sandhya Hirani
July 26, 2025
Approval Rating of PM Modi: PM Modi became the most popular leader in the world again, know how much approval rating Donald Trump got, with 75 Percent Approval Rating PM Modi Again Accomes Most Popular Leader
India

Approval Rating of PM Modi: PM Modi became the most popular leader in the world again, know how much approval rating Donald Trump got, with 75 Percent Approval Rating PM Modi Again Accomes Most Popular Leader

by Amit Tripathi
July 26, 2025
sadfd
Lifestyle

Lip balm or lip oil! What is the best to moisturize lips? Know everything here

by Kavita Nagar
July 26, 2025
OSD's of Siddaramaiah and Dk Shivakumar Clash: 'I was beaten with shoes', OSD of Karnataka Deputy CM DK Shivkumar accused CM Siddaramaiah's Special Executive Officer, OSD of DK Shivakumar Accused OSD of KARNATAKA CM SIDDARAMAIH OF HITTINGH
India

OSD’s of Siddaramaiah and Dk Shivakumar Clash: ‘I was beaten with shoes’, OSD of Karnataka Deputy CM DK Shivkumar accused CM Siddaramaiah’s Special Executive Officer, OSD of DK Shivakumar Accused OSD of KARNATAKA CM SIDDARAMAIH OF HITTINGH

by Amit Tripathi
July 26, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.