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Posted by
Two Blokes Apr 23 -
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Stock
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Intel Corp (NASDAQ:INTC, ETR:INL) is preparing to cut more than 20% of its workforce as part of a major restructuring effort aimed at streamlining operations and reviving growth, Bloomberg reported, citing sources familiar with the matter. The cull, expected to be announced this week, comes under the direction of new CEO Lip-Bu Tan, who took over last month with a mandate to reinvigorate the struggling chipmaker.
