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Intel Stock Drops Toward 50-Year Low Amid Mass Layoffs

Intel's stock plunged as much as 30% on Friday after the company issued disappointing guidance and announced plans for a substantial workforce reduction. According to Bloomberg, it was the company's biggest single-day drop since at least 1982. Market

By: Slashdot.org

Aug 03 2024
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Intel Stock Drops Toward 50-Year Low Amid Mass Layoffs — Intel Stock Drops Toward 50-Ye

Intel's stock plunged as much as 30% on Friday after the company issued disappointing guidance and announced plans for a substantial workforce reduction. According to Bloomberg, it was the company's … [+1778 chars]