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August 1, 2024 at 9:03 PM. By Arsheeya Bajwa. (Reuters) -Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth ...
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
The company took the drastic action of suspending its dividend, which will go into effect in the fourth quarter. Intel has paid a dividend for 125 straight quarters previously, including $3.1 ...
Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. The Santa Clara, California-based company said Thursday it is also suspending its stock dividend as part of a broader plan to cut costs. The bulk of the layoffs will be completed this ...
Its shares plunged by 26% on Aug. 2 after the company posted disappointing results, gave an underwhelming forecast, eliminated its dividend, and announced a restructuring that included plans to ...
Footnotes / references[ 1 ][ 2 ] Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. [ 3 ] Intel designs, manufactures and sells computer components and related products for business and consumer markets.
Intel's share price tumbled 26% to $21.48 on Aug. 2, the day after it announced quarterly results, the job cuts and the dividend suspension. The shares closed Wednesday down 3.6% at $18.99 and ...
Sigma-Aldrich (SIAL) was removed from the list due to its acquisition by Merck Group. In 2014, Bemis (BMS) was removed from the S&P 500 index and therefore removed from the index. In 2013, Pitney Bowes (PBI) was removed after slashing the dividend from 37.5c to 18.75c per quarter per share. In 2012, CenturyLink (CTL) was removed from the index.