PALO ALTO, California -- Intel plans to shed 15,000 jobs after it reported an 85% year-on-year second-quarter profit decline Thursday, two days after rival AMD released blockbuster earnings driven by strong AI chip sales.
Technology
Intel profit plunges 85% as AI chip sales fall behind Nvidia and AMD
U.S. chip giant to lay off 15,000 workers as part of $10bn cost-cutting plan
.JPG?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
Intel shares slid after disappointing second-quarter earnings. © Reuters
Read Next
Latest on Technology
