German chipmaker Infineon is implementing a significant restructuring plan, announcing cuts of 1,400 jobs globally and relocating another 1,400 positions to countries with lower labor costs. This move is part of a previously announced cost-savings …
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Intel Stock Plunges 20% in Worst Selloff Since 2000 Amid Turnaround Struggles
Intel’s stock is set to plummet by nearly 20% in pre-market trading, marking its worst single-day decline since 2000. This dramatic drop comes after the company announced a 15% workforce reduction and the suspension of …
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