Jordan Novet / CNBC:

Intel Q2: revenue down 1% YoY to $12.8B, vs. $12.9B est., Data Center and AI down 3% to $3B; announces $10B cost reduction plan, including cutting 15% of staff  —  Intel shares slid 10% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of its employees …

Jordan Novet / CNBC:

Intel Q2: revenue down 1% YoY to $12.8B, vs. $12.9B est., Data Center and AI down 3% to $3B; announces $10B cost reduction plan, including cutting 15% of staff  —  Intel shares slid 10% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of its employees …

Source: TechMeme
Source Link: http://www.techmeme.com/240801/p38#a240801p38