15,000 Intel job cuts announced, with Apple and Microsoft key factors in the decline

Some 15,000 Intel job cuts have been announced by the company, as it implements a $10B cost-reduction program to try to resolve its financial difficulties.

Intel CEO Pat Gelsinger told employees that revenues have not grown in the way the company hoped, with a belated acceptance that Apple’s Mac business is gone forever one likely factor in that reality-check …

more…