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Home » Intel’s CEO suddenly resigns
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Intel’s CEO suddenly resigns

matthewephotography@yahoo.comBy matthewephotography@yahoo.comDecember 3, 2024No Comments2 Mins Read
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The past few days have been quiet with no news, as everyone seems to be analyzing the deals from Black Friday to Cyber ​​Monday. However, shocking announcements always take time. Pat Gelsinger is retiring after more than 40 years at the company and nearly four years at the helm of the chipmaker. Effective December 1, Mr. Gelsinger resigned from his position and his position on the Board of Directors. The board established a search committee to “diligently and quickly” find a new CEO. Gelsinger oversaw Inter during a period of turbulence for the company. Intel will lay off about 20% of its employees in some divisions in the second half of 2022. This year alone, the company announced it will lay off an additional 15,000 people, or 15% of its workforce, in a $10 billion cost-cutting plan.

— Matt Smith

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