The chipmaker is pursuing a turnaround centred around its loss-making manufacturing business.
The layoffs will impact roughly 17 500 people.
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Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred around its loss-making manufacturing business.
It also forecast third-quarter revenue below estimates, grappling with a pullback in spending on traditional data center semiconductors and a focus on AI chips, where it lags rivals.
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