Intel's stock plummets 60%, announces 15% workforce reduction and $10B cost-saving plan.
Intel's stock has plummeted over 60% this year, reaching its lowest point in over a decade. The company announced a 15% workforce reduction and a $10B cost-saving plan by 2025. Despite analysts' optimism, Intel's high P/E ratio and ambitious turnaround strategy pose risks, leading to cautious recommendations for potential investors.
August 11, 2024
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