February 1, 2023
Intel cuts employee, executive salaries as it faces weak PC, chip demand
LyricsAzlyricsFacing a challenging financial outlook for 2023, Intel has announced cuts to pay, pensions and bonuses. By Charlotte Trueman Staff Writer, Computerworld | Martyn Williams After posting a double-digit revenue decline for its fourth quarter of 2022, Intel is looking to weather a potentially problematic 2023 by making companywide cuts to employee pay. Responding to media reports about possible pay cuts, Intel said on Wednesday that in order to navigate “macro-economic headwinds and work to reduce costs across the company,” […]