Remember, it's all about cash flow.
They will continue to cut, close offices, cut capital and expenses, payroll, etc.
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stock went up 5.6% after announcements, so the board and investors have their bonus
I bet Microsoft buy them after this
If Intel has to dump their shares, then stock value tanks and potential new institutional buyers or VC are required, but we can't have much dilution or significant valuation impacts. With tons of debt, there's really only one option: Keeping staff thin looks good on paper, so that's apparently the plan.