#Intel #plans #major #job #cuts #billions #savings #profits #plummet

Intel has announced plans to make a “meaningful number” of layoffs as part of wider cost-cutting measures.

The chip giant says its expense reduction plan is set to slash costs by $3 billion in 2023, which it predicts will grow to between $8 billion to $10 billion in yearly cost reductions by the end of 2025.

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