Bloomberg requires a subscription but no real details included. Cuts are on the horizon just but the exact scale is still unknown.
https://www.reuters.com/technology/intel-plans-cut-thousands-jobs-finance-recovery-bloomberg-news-reports-2024-07-30/
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What training or messaging would you recommend? People are smart, after you have 1-2 of these resets people catch on pretty quick and don't believe the story anymore.
Getting tired of the same fu king cost saving cost reduction turn around every year. Do they train to say something else better than this?
Intel Corp. is planning to cut thousands of jobs as part of a cost-reduction strategy and to fund its turnaround efforts. This workforce reduction is expected to be announced as early as this week, according to sources familiar with the company's plans. The decision comes as Intel faces an earnings slump and loss of market share[1].
The company currently employs approximately 110,000 people, not including workers in units that are being spun off. Intel is scheduled to report its second-quarter earnings on Thursday, which may coincide with or follow the announcement of these job cuts[1].
This move is part of Intel's broader strategy to reduce costs and redirect funds toward its efforts to regain its competitive edge in the semiconductor industry. The company has been facing challenges in recent years, and this restructuring appears to be a significant step in its attempt to improve its financial position and market standing[1].
Summarized from https://www.bloomberg.com/news/articles/2024-07-30/intel-to-cut-thousands-of-jobs-to-reduce-costs-fund-turnaround
This is about and hour old. Plenty of comments if you scroll down on the site...