[ad_1]
© Reuters. FILE PHOTO: An Intel Company emblem is seen on a sticker on a laptop computer on the market in Queens, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly/File Picture(Reuters) – Intel Corp (NASDAQ:) on Wednesday confirmed that it has applied broad worker pay cuts.
The reductions will vary from 5% of base pay for mid-level workers to as a lot as 25% for Chief Government Pat Gelsinger, whereas the corporate’s hourly workforce’s pay won’t be minimize, an individual acquainted with the matter informed Reuters.
Intel spokesperson Addy Burr mentioned the “modifications are designed to impression our govt inhabitants extra considerably and can assist assist the investments and total workforce.”
[ad_2]