Intel’s CEO is reportedly set to present cost-cutting plan to the board and may ‘slice off unnecessary businesses’. Ouch

Intel CEO Pat Gelsinger speaking at the World Economic Forum


It’s been a tough year for Intel. Chip crashing issues, dismal financial results, and the announcement of mass layoffs have taken the chip maker from a brand thought off as one of the giants in the industry, to one that seems to be beset by troubles on all fronts.

Now, a source has told Reuters that CEO Pat Gelsinger and other key executives are expected to announce a plan to the company’s board of directors this month, detailing ideas as to how to turn its fortunes around, including proposals to “slice off unnecessary businesses and revamp capital spending”. 



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