S
Intel’s restructuring bill has come due — here’s how much it’s costing.
Intel just reported Q3 2024 earnings, and losses are ten times worse than Q2 — a $16.6 billion loss, up from $1.6 billion. But Intel says that’s because of write-offs and restructuring to turn its fortunes around, including depreciating old manufacturing for its Intel 7 node.
Revenue was actually slightly up this quarter — and Intel says the “vast majority” of its planned layoffs are over.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
