Intel posts $12.9b revenue, cuts 15% of workforce for agility

Intel posts .9b revenue, cuts 15% of workforce for agility

AFP

2 mins to read



Intel’s traditional computing chip niche is being overshadowed by rivals in the AI sector. Photo / Getty Images

Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15% of its workforce to be “more agile”.

The US chip maker also said it “will no longer move forward” with projects in Germany and Poland as part of a push to save billions of