Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker’s fortunes. In a memo to employees, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 “core” workers. That’s down from 99,500 employees at the end of last year, through layoffs and attrition. The company previously announced a 15% workforce reduction. Intel helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp.
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