Intel to Slash 12,000 Jobs as Forecast Misses

The transcript discusses Intel's decision to cut 11% of its workforce, equating to 12,000 employees, and its impact on company culture. It covers Intel's financial forecasts, including a reduced CapEx and a strong gross margin forecast. The discussion shifts to Intel's strategic transition towards new technologies like the Internet of Things, highlighting challenges in the mobile market. Finally, it addresses broader corporate profitability challenges, emphasizing the impact of economic factors on companies' financial strategies.

What percentage of its workforce did Intel announce it would cut?

• 15%

• 11%

• 20%

• 5%

What was Intel's gross margin forecast for the full year?

• 62%

• 70%

• 55%

• 50%

How much did Intel plan to spend on capital expenditures in the first quarter?

• $4 billion

• $3 billion

• $2.4 billion

• $1.26 billion

Which new technology area is Intel focusing on as part of its strategic transition?

• Mobile phones

• Artificial Intelligence

• Internet of Things

• Cloud computing

What is one of the major sources of anxiety for companies during the earnings season?

• Product launches

• Market share

• Profit margins

• Employee satisfaction