Intel plans to cut workforce in Q4 as it reduces costs and funds fabs

Intel has confirmed that it will lay off workers soon as part of its plan to cut billions of dollars in spending. The announcement comes after reports that Intel is planning on cutting thousands of jobs.

As part of its Q3 earnings, the company announced plans to cut around $3 billion in costs over the course of next year, and CEO Pat Gelsinger told Reuters that part of that would come from…

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