Intel's stock plunges as company cuts 15% of workforce, struggling to fund chipmaking business
Intel was set to erase nearly $25 billion US in stock market value on Friday in potentially its worst selloff since 2000 after it suspended dividend and slashed workforce to fund a costly turnaround for its chipmaking business.
Intel was set to erase nearly $25 billion US in stock market value on Friday in potentially its worst selloff since 2000 after it suspended dividend and slashed workforce to fund a costly turnaround for its chipmaking business.
