Intel to Cut Workforce as Part of Massive Cost Reduction Efforts

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Intel to Cut Workforce as Part of Massive Cost Reduction Efforts

TipRanks2022-10-30

Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...

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AlanChong
·2022-10-31
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The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INTC","symbol_name":"英特尔","start_time":0,"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","article_id":"1143172606","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","pubTimestamp":1667096273,"columns":[],"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"INTC":"英特尔"},"translate_title":"英特尔将裁员作为大规模削减成本努力的一部分","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":0.9},"content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. 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The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982681910,"gmtCreate":1667174482831,"gmtModify":1676537869759,"author":{"id":"4118053585072712","authorId":"4118053585072712","name":"Bel8680","avatar":"https://community-static.tradeup.com/news/38c74e39f044d2ed2064c911f006c8ac","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":1,"idStr":"4118053585072712","authorIdStr":"4118053585072712"},"htmlText":"👍👍👍","listText":"👍👍👍","text":"👍👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982681910","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982617491,"gmtCreate":1667174209413,"gmtModify":1676537869674,"author":{"id":"3579307827566708","authorId":"3579307827566708","name":"Kimoqi","avatar":"https://static.tigerbbs.com/4a75a25c05f3caeb1708eff0d5b7effc","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":3,"crmLevelSwitch":0,"idStr":"3579307827566708","authorIdStr":"3579307827566708"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982617491","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982614441,"gmtCreate":1667174157083,"gmtModify":1676537869650,"author":{"id":"4115684828159522","authorId":"4115684828159522","name":"MLFL","avatar":"https://community-static.tradeup.com/news/1d7ab965a9728265436a2d2a8db471ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4115684828159522","authorIdStr":"4115684828159522"},"htmlText":"Good morning&nbsp;","listText":"Good morning&nbsp;","text":"Good morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982614441","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982637936,"gmtCreate":1667173372125,"gmtModify":1676537869390,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3563667765668803","authorIdStr":"3563667765668803"},"htmlText":"👋&nbsp;","listText":"👋&nbsp;","text":"👋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982637936","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982636399,"gmtCreate":1667173095012,"gmtModify":1676537869285,"author":{"id":"3579730769631306","authorId":"3579730769631306","name":"保升龙","avatar":"https://static.tigerbbs.com/e01d8942aa5f0e60c802ba77bcd46430","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579730769631306","authorIdStr":"3579730769631306"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982636399","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982631248,"gmtCreate":1667172942584,"gmtModify":1676537869237,"author":{"id":"3574397806525082","authorId":"3574397806525082","name":"Joyus","avatar":"https://static.tigerbbs.com/be788755f764f5e5e5cb1d49eec190f0","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3574397806525082","authorIdStr":"3574397806525082"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982631248","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":665809888,"gmtCreate":1667171802346,"gmtModify":1676537868925,"author":{"id":"4099647582870040","authorId":"4099647582870040","name":"Noobplayer","avatar":"https://community-static.tradeup.com/news/27f6557de29ea58036b5b45b03c61d17","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":0,"idStr":"4099647582870040","authorIdStr":"4099647582870040"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/665809888","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7719014,"gmtCreate":1667171818311,"gmtModify":1667171819102,"authorId":4099647582870040,"author":{"id":4099647582870040,"idStr":"4099647582870040","authorId":4099647582870040,"name":"Noobplayer","avatar":"https://community-static.tradeup.com/news/27f6557de29ea58036b5b45b03c61d17","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":665809888,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"EN"},{"id":9982876150,"gmtCreate":1667169753970,"gmtModify":1676537868400,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982876150","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104585175,"gmtCreate":1667173145246,"gmtModify":1667173148632,"authorId":3583556881329786,"author":{"id":3583556881329786,"idStr":"3583556881329786","authorId":3583556881329786,"name":"JayNayHayDay","avatar":"https://community-static.tradeup.com/news/26183a01265133621dca5960756230da","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982876150,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9982871095,"gmtCreate":1667169442017,"gmtModify":1676537868340,"author":{"id":"3570342809089528","authorId":"3570342809089528","name":"phantom74","avatar":"https://static.tigerbbs.com/c87ef2af41b8696be86cceafb5b5723d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3570342809089528","authorIdStr":"3570342809089528"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982871095","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982848500,"gmtCreate":1667168111001,"gmtModify":1676537868114,"author":{"id":"4101424154342900","authorId":"4101424154342900","name":"ericbqlee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4101424154342900","authorIdStr":"4101424154342900"},"htmlText":"🙂","listText":"🙂","text":"🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982848500","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982843608,"gmtCreate":1667167883005,"gmtModify":1676537868050,"author":{"id":"4102135564535180","authorId":"4102135564535180","name":"Seah CL","avatar":"https://community-static.tradeup.com/news/970bca7b04e85a42a2c8eabed7ec96d0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4102135564535180","authorIdStr":"4102135564535180"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982843608","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104584277,"gmtCreate":1667169691052,"gmtModify":1667169694275,"authorId":3573986430688942,"author":{"id":3573986430688942,"idStr":"3573986430688942","authorId":3573986430688942,"name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982843608,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":104584091,"gmtCreate":1667168483205,"gmtModify":1667168488078,"authorId":3579992023257087,"author":{"id":3579992023257087,"idStr":"3579992023257087","authorId":3579992023257087,"name":"Xtraordinary","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982843608,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Hehehehe</span>","text":"<span class=\"s1\">Hehehehe</span>","html":"<span class=\"s1\">Hehehehe</span>"}],"langContent":"EN"},{"id":9982853106,"gmtCreate":1667165567606,"gmtModify":1676537867704,"author":{"id":"3582021616632458","authorId":"3582021616632458","name":"Xue91","avatar":"https://static.tigerbbs.com/4d9f9012cc2ef597a6ee7470e2cfb3e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582021616632458","authorIdStr":"3582021616632458"},"htmlText":"Dineiebisbihss","listText":"Dineiebisbihss","text":"Dineiebisbihss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982853106","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982859974,"gmtCreate":1667164949998,"gmtModify":1676537867674,"author":{"id":"3581487017513023","authorId":"3581487017513023","name":"J90","avatar":"https://static.tigerbbs.com/59b9bd5153d367d5ee88324bdf6c6003","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581487017513023","authorIdStr":"3581487017513023"},"htmlText":"Finished dh She","listText":"Finished dh She","text":"Finished dh She","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982859974","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982850581,"gmtCreate":1667164803844,"gmtModify":1676537867664,"author":{"id":"3582359360248748","authorId":"3582359360248748","name":"ML808","avatar":"https://static.tigerbbs.com/f601c68849ffbac8b7679f40f1471368","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":4,"crmLevelSwitch":0,"idStr":"3582359360248748","authorIdStr":"3582359360248748"},"htmlText":"Bad","listText":"Bad","text":"Bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982850581","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982811826,"gmtCreate":1667143909665,"gmtModify":1676537866581,"author":{"id":"3585476489553693","authorId":"3585476489553693","name":"Will101","avatar":"https://static.tigerbbs.com/0642b9beaee6b15c17a213aafa7b9791","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3585476489553693","authorIdStr":"3585476489553693"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982811826","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104583617,"gmtCreate":1667165577803,"gmtModify":1667165581329,"authorId":3582021616632458,"author":{"id":3582021616632458,"idStr":"3582021616632458","authorId":3582021616632458,"name":"Xue91","avatar":"https://static.tigerbbs.com/4d9f9012cc2ef597a6ee7470e2cfb3e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982811826,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Dkisnisnisnidn</span>","text":"<span class=\"s1\">Dkisnisnisnidn</span>","html":"<span class=\"s1\">Dkisnisnisnidn</span>"}],"langContent":"EN"},{"id":9982811335,"gmtCreate":1667143902027,"gmtModify":1676537866574,"author":{"id":"3585476489553693","authorId":"3585476489553693","name":"Will101","avatar":"https://static.tigerbbs.com/0642b9beaee6b15c17a213aafa7b9791","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3585476489553693","authorIdStr":"3585476489553693"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982811335","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104583590,"gmtCreate":1667164957926,"gmtModify":1667164970559,"authorId":3581487017513023,"author":{"id":3581487017513023,"idStr":"3581487017513023","authorId":3581487017513023,"name":"J90","avatar":"https://static.tigerbbs.com/59b9bd5153d367d5ee88324bdf6c6003","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982811335,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">B jxjdkd</span>","text":"<span class=\"s1\">B jxjdkd</span>","html":"<span class=\"s1\">B jxjdkd</span>"},{"id":104582956,"gmtCreate":1667143915454,"gmtModify":1667143918678,"authorId":3585476489553693,"author":{"id":3585476489553693,"idStr":"3585476489553693","authorId":3585476489553693,"name":"Will101","avatar":"https://static.tigerbbs.com/0642b9beaee6b15c17a213aafa7b9791","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982811335,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9982813622,"gmtCreate":1667143786766,"gmtModify":1676537866558,"author":{"id":"3586678960137089","authorId":"3586678960137089","name":"JeJu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586678960137089","authorIdStr":"3586678960137089"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982813622","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982813867,"gmtCreate":1667143778959,"gmtModify":1676537866558,"author":{"id":"3586678960137089","authorId":"3586678960137089","name":"JeJu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586678960137089","authorIdStr":"3586678960137089"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982813867","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104582938,"gmtCreate":1667143792786,"gmtModify":1667143796222,"authorId":3586678960137089,"author":{"id":3586678960137089,"idStr":"3586678960137089","authorId":3586678960137089,"name":"JeJu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9982813867,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9982813979,"gmtCreate":1667143712191,"gmtModify":1676537866542,"author":{"id":"4112410321254552","authorId":"4112410321254552","name":"blessed_1","avatar":"https://community-static.tradeup.com/news/71622697830d9517eb67a61917d8a95f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"4112410321254552","authorIdStr":"4112410321254552"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982813979","repostId":1143172606,"repostType":4,"repost":{"id":"1143172606","kind":"news","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":424,"commentSize":41,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}