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Intel plans to cut thousands of jobs to finance recovery, Bloomberg News reports

Intel declined to comment on the report when contacted by Reuters. The U.S chipmaker remains a major player in the personal computer and server markets, but has struggled to keep pace with the growing ...

Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound

(Bloomberg) -- Intel Corp. plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.Most Read from BloombergSinger Ak ...