As Its CPU Scandal Deepens, Intel Plans to Cut Thousands of Jobs

CPU manufacturer Intel is set to cut thousands of jobs according to a new report from Bloomberg. It’s another blow to the embattled chip giant as it faces a consumer scandal around CPUs and struggles to find its place in a shifting chip market. Intel is scheduled to report its second-quarter earnings on Thursday and, according to an anonymous source speaking to Bloomberg, it will share its plans to cut 110,000 employees. Intel started cutting jobs in October 2022 and hasn’t stopped since, removing 5% of its total staff in...