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INTEL CORPORATION

(INTC)
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Delayed Nasdaq  -  04:00:00 2023-02-07 pm EST
29.05 USD   +1.25%
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Intel staff in Ireland offered unpaid leave in cost-cutting drive - Business Post

12/01/2022 | 04:50pm EST
The Intel Corporation logo is seen  in Davos

(Reuters) - Up to 2,000 staff at Intel Corp's Irish operation have been offered three months' unpaid leave as part of cost-cutting measures, the Business Post reported on Thursday.

According to the report, workers at Intel's manufacturing division have been offered the unpaid leave as part of a "voluntary time off" program which is being implemented by the company.

"Voluntary time off programs allow us an opportunity to reduce short term costs and offer employees attractive time off options," Intel told Reuters in an emailed statement, adding that manufacturing talent represents an important element of its business in Ireland.

Intel has nearly 5,000 employees across Ireland.

The move comes as the chipmaker in October cut its full-year profit and revenue forecast and warned it would lay off staff. Intel also said it would reduce costs amid the macroeconomic uncertainties.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)


ę Reuters 2022
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Financials (USD)
Sales 2023 50 787 M - -
Net income 2023 -2 620 M - -
Net Debt 2023 26 703 M - -
P/E ratio 2023 -47,7x
Yield 2023 5,07%
Capitalization 120 B 120 B -
EV / Sales 2023 2,89x
EV / Sales 2024 2,69x
Nbr of Employees 131 900
Free-Float 99,7%
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Technical analysis trends INTEL CORPORATION
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 41
Last Close Price 29,05 $
Average target price 28,03 $
Spread / Average Target -3,52%
EPS Revisions
Managers and Directors
Patrick P. Gelsinger Chief Executive Officer & Director
David A. Zinsner Chief Financial Officer & Executive Vice President
Frank D. Yeary Independent Chairman
Daniel J. McKeon Vice President-Information Technology Group
Archana Deskus Chief Information Officer & Senior Vice President
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