Intel makes a harsh decision amid declining sales
The tech giant has made a drastic move to repair its struggling business.
A few months ago, Intel (INTC) employees received a rude awakening from the company’s CEO, Lip-Bu Tan.
In April, the company revealed in its first-quarter earnings report for 2025 that it faced a net income loss of roughly $887 million during the quarter, as overall revenue remained flat and product revenue declined by 3%.
