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Intel announces significant workforce cuts and operational shifts amid a $2.9 billion loss.
Intel, under new CEO Lip-Bu Tan, is cutting its workforce by 22%, aiming for 75,000 employees by year-end, down from 99,500.
The company also plans to scale back projects in Germany and Poland and move Costa Rican operations to Vietnam and Malaysia.
Intel reported a Q2 loss of $2.9 billion, with flat revenue of $12.9 billion.
The company aims to focus on core products and AI to improve competitiveness, especially against rivals like Nvidia.
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Intel anuncia importantes recortes de mano de obra y cambios operacionales en medio de una pérdida de $2.9 mil millones.