Intel to cut salaries by 25%, huge layoffs
According to recent reports, Intel intends to reduce the basic income of CEO Pat Gelsinger by 25 percent, while the wages of the other members of his executive leadership team
would drop by 15 percent.
Because of this decision, it is anticipated that there will be no widespread layoffs in 2023.
It has been stated that Intel will be decreasing the compensation of its employees, and the company believes that this latest action will prevent layoffs from occurring.
In the technology sector, widespread employee terminations have taken place over the
course of the past half year.
Apple is the only large company that has, up to this point, been successful in avoiding the
practise of laying off staff in order to reduce expenses. The majority of the major
technology businesses have tak...





