Intel’s Restructuring Bill Must Be Paid – Here’s How Much It Costs.

Intel just reported Q3 2024 earnings, and so are the losses ten times worse than in the second quarter – a loss of $16.6 billion, up from $1.6 billion. But Intel says this is due to writedowns and restructuring to turn around its fortunes, including writing off old production for its Intel 7 node.

Revenue was actually slightly higher this quarter – and Intel says the “vast majority” of planned layoffs are over.