Intel to announce plans this week to cut over 20% of staff

Find me an American-owned company that doesn't have plans to cut 20% of staff. It just seems like the norm nowadays.

Is this a reflection of the economy in general or just Intel’s own troubles?<p>With Apple’s move to Arm and increasing interest in RISCV, the x86 architecture hegemony seems to finally be cracking.

Original source - Bloomberg (25 points) <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=43767624">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=43767624</a>