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 taken this measure.  Intel reduces the pay of its CEO and managers in an effort to conserve cash   According to reports, in order to avoid taking drastic measures to downsize the staff, the  corporation did slash the compensation of CEO Tim Cook by forty percent.  It would appear that Intel is heading in the same path at this time, however employees at all levels will be harmed by this decision.   Intel Corporation, which is coping with a quick drop in sales and profitability, is slashing  management compensation across the corporation to cope with an uncertain economy and to preserve cash for an ambitious recovery plan. The company has been grappling with a  rapid decline in revenue and earnings.   The chipmaker announced on Tuesday that Chief Executive Officer Pat Gelsinger will be  taking a reduction of 25% to his base salary.  It has been decided that the compensation packages for his executive leadership team will be reduced by 15%.  The senior managers will take a decrease of 10%, while the mid-level managers will receive a reduction of 5%.  At approximately 9:40 in the morning in New York, the price of the stock fell by 0.6%,  reaching $28.10.  The price of the shares dropped by roughly half in the past year.   According to a statement sent to Bloomberg by Intel, the tech giant intends to reduce the base income of CEO Pat Gelsinger by 25 percent, while the wages of the other members of his executive leadership team will decrease by 15 percent.  The salaries of senior managers will be cut by ten percent, while the salaries of middle-level managers who get pay will be cut by five percent. Intel reduces salaries and bonuses following poor quarterly results   The change that Intel is considering could demoralise many people, yet it might be ...

उत्तराखंड में कोरोना के नए संक्रमितों की संख्या में राहत जारी है। वहीं, 24वें दिन भी किसी मरीज की कोरोना से मौत नहीं हुई। रविवार 29 जनवरी की शाम को स्वास्थ्य विभाग की ओर...

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