Intel confirms new round of layoffs in its Sales and Marketing Group

After switching to its financial reporting structure, Intel discovered it made a $ 7 billion loss last year, resulting in the need to cut costs with the expectation to control operating costs and achieve profit for the foreseeable future in its foundry and product businesses. 

After switching to its financial reporting structure, Intel discovered it made a $ 7 billion loss last year, resulting in the need to cut costs with the expectation to control operating costs and achieve profit for the foreseeable future in its foundry and product businesses.