Monday November 30, 2020

Intel hits the tech panic button before time runs out

Brian Krzanich has had to acknowledge a couple of hard truths about his company

24th April, 2016
Brian Krzanich, chief executive, Intel PIc: Bloomberg

This is what it looks like when a tech company fails to make the Evel Knievel jump across the canyon.

Intel announced last Tuesday that it would cut 12,000 jobs, or 11 per cent of its workforce. Companies with $11.5 billion in profit over the last 12 months do not tend to be the ones that fire the equivalent of Facebook’s entire workforce. Avon Products, a company whose revenue have been cut nearly in half...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Emmet Ryan speaks to Tommy Kearns, CEO and co-founder of multichannel engagement business Xtremepush

Emmet Ryan | 4 days ago

Emmet Ryan is joined by Eimear O'Carroll and Rhona Togher of Lios to discuss their journey on building technology for space, getting a business up and running and keeping a co-working community going through Covid-19 times

Emmet Ryan | 2 weeks ago

Becoming one of the first people in Ireland to receive a Sony PlayStation 5 came with excitement and headaches

Brian Lloyd | 3 weeks ago