Intel's stock plunged as much as 30% on Friday after the company issued disappointing guidance and announced plans for a substantial workforce reduction. According to Bloomberg, it was the company's biggest single-day drop since at least 1982. Market
![Intel Stock Drops Toward 50-Year Low Amid Mass Layoffs](https://img.easybranches.com/uploads/news/2024/08/14690032.jpg)
Intel's stock plunged as much as 30% on Friday after the company issued disappointing guidance and announced plans for a substantial workforce reduction. According to Bloomberg, it was the company's … [+1778 chars]
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