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Intel's (NASDAQ: INTC) stock was cut in half this year as the chipmaker struggled with slowing sales, ... Those challenges drove it to suspend its dividend, lay off more than 15% of its workforce ...
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
August 1, 2024 at 9:03 PM. By Arsheeya Bajwa. (Reuters) -Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth ...
Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. The Santa Clara, California-based company said Thursday it is also suspending its stock dividend as part of a broader plan to cut costs. The bulk of the layoffs will be completed this ...
Intel stock closed up 3.3% on the news, after jumping as much as 9.5% when the story first broke. ... and elimination of its dividend. ... The 10 stocks that made the cut could produce monster ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Intel wasn’t one of them. The 10 stocks that made the cut ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Intel wasn’t one of them. The 10 stocks that made the cut ...
The blue chip tech stock missed estimates in its second-quarter earnings report, offered guidance below expectations, eliminated its dividend, and announced a round of layoffs and cost cuts.