Intel (INTC) to suspend dividend payout as of Q4 2024, announces $10 billion cost reduction plan
As a long-time investor who has seen my fair share of market fluctuations and corporate announcements, I can’t help but feel a sense of unease upon learning about Intel’s recent quarterly earnings results for Q4 2024. The fact that they missed both revenue and earnings-per-share (EPS) metrics is concerning enough, but the additional news that they are implementing a $10 billion cost reduction plan, which includes significant layoffs affecting over 15,000 employees, has me worried about the future of the company.