Friday, 24 March, 2023

Intel Cuts Employee, Executive Pay Due to PC Market Downturn

<p>Intel Corporation is reducing its employee and executive pay amid a downturn in the PC market. The pay cuts would impact all employees, including senior executives, with reductions ranging from 5% to 15%. The decision is part of Intel&#39;s cost-saving measures and&nbsp;aims to adjust to the changing market conditions and ensure the company&#39;s long-term viability. The pay cuts come as the PC market faces challenges -- shift towards mobile computing and declining sales.</p>