Labor & Economic News Blog
Thursday, July 20, 2006
Intel profit plunges, layoffs loom / Chipmaker also trims forecast for current quarter
Intel profit plunges, layoffs loom / Chipmaker also trims forecast for current quarterBy Tom Abate
Intel Corp. hinted at future layoffs Wednesday, as the microprocessor giant reported its biggest three-month profit drop in more than four years. Under pressure from an increasingly competitive Advanced Micro Devices Inc., Santa Clara's Intel reported...
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