Intel CEO Pet Gelsinger posted one of Solomon’s analogies on his X (formerly Twitter) account. It is published on his personal page on the social network.
“Keep your eyes fixed straight ahead; keep your gaze fixed directly ahead. Consider carefully the path you are walking in, and be steadfast in every path,” he wrote in Proverbs 4:25-26.
The past week has ended on a sour note for one of the world’s largest chip-making companies. On Thursday, it published The 2023 profit and loss report of more than $7 billion has caused panic among investors, with the company’s securities losing more than 26% on Friday. And already on Saturday seen Information that the company plans to lay off 15% of its employees.
Intel in October 2022 It was announced The chipmaker’s staff will fall from 131.9 thousand a year earlier to 124.8 thousand by the end of 2023, according to a cost-cutting plan that includes “personnel actions” aimed at reducing annual costs by $3 billion in 2023, according to regulatory documents. The plan is expected to generate annual cost savings of $8 billion to $10 billion.
Formerly the main index of the Tokyo Stock Exchange fallen %at 10.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.