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Intel confirms to cut further workforce to reduce costs

Shortpedia

Content Team
Image Credit: USA Today

Chip manufacturer Intel has confirmed that it plans to cut its workforce further to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted in the upcoming layoffs. In a statement to USA Today, Intel said it is working to accelerate its strategy while navigating a challenging macroeconomic environment.