Intel announced plans to make a “significant number” of layoffs as part of broader cost-cutting measures.

The chip giant says its cost-cutting plan is set to reduce costs by $3 billion in 2023, which it predicts will grow to between $8 billion and $10 billion in annual cost reductions by the end of 2025.

https://www.techradar.com/news/intel-plans-major-job-cuts-and-billions-in-savings-as-profits-plummet/