3 ms·
How much of this is due to salary cuts, benefits/bonus cuts, and layoffs? I live in an area with a lot of Intel campuses and I know a ton of people that were la
by irrational 3y ago
How much of this is due to salary cuts, benefits/bonus cuts, and layoffs? I live in an area with a lot of Intel campuses and I know a ton of people that were laid off, had their salary cut, no bonuses, etc.
- oumua_don17 3y agoDavid Zinsner, Intel CFO, said, “Strong execution, including progress towards our $3 billion in cost savings in 2023, contributed to the upside in the quarter. We remain focused on operational efficiencies and our Smart Capital strategy to support sustainable growth and financial discipline as we improve our margins and cash generation and drive shareholder value.” From: https://www.intc.com/news-events/press-releases/detail/1637/intel-reports-second-quarter-2023-financial-results https://www.intc.com/news-events/press-releases/detail/1637/...