Intel’s stock plunges as company cuts 15% of workforce, struggling to fund chipmaking business
Intel was set to erase nearly $25 billion US in stock market value on Friday in potentially its worst sell-off since 2000, after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chipmaking business. The company’s stock fell nearly 21 per cent in pre-market trading after Intel late on Thursday … Read more
