INTEL CEO PAT GELSINGER'S DREAM JOB TAKES A NIGHTMARISH TURN

Summary from the TLDR newsletter

Intel's stock ended Friday trading down 26 percent. The company recently reported financial results and an outlook with lower-than-expected revenue and profit-margin forecasts. It plans to lay off around 15,000 employees, target $10 billion in cost cuts next year, and suspend dividend payments in the fourth quarter. Intel's market value is now at a level last seen 15 years ago.