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What you better know
Intel’s nightmare year continues.
Intel announced 15,000 layoffs on August 1, 2024.
Intel now faces a lawsuit from its shareholders on top of a class action lawsuit surrounding issues with its 13th and 14th Gen chips.
That move was made in an effort to save $10 billion through 2025.
“Our costs are too high, and our margins are too low.
Those processors are meant to compete with Qualcomm’sSnapdragon X processorsand AMD’s newRyzen AI 300 Seriesmobile chips.
