Intel forced to cut jobs and spending as revenue continues to declineDespite a plan to cut thousands of jobs and billions of dollars in annual spending, Intel remains vulnerable to declines in PC sales, say analysts. “A penny saved is a penny earned” seems to be the new motto for Intel—struggling to grow its revenue due to overdependence on PC sales—and is instead looking at an annual spending cut of up to $10 billion a year by 2025. Intel reported a 20% decline in
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