Intel Corp.
s second-quarter earnings fell sharply on charges related to its efforts to restructure and cut operating costs.
In April, the Santa Clara, Calif.-based company unveiled cost-cutting plans to free up funds to invest in business areas that are growing. The restructuring includes slashing about 12,000 jobs, or about 11% of its global workforce.
On Wednesday, Intel said it had cut 6,000 of those positions so far, and it booked $1.41 billion worth of restructuring and other charges during the quarter.
The companys shares fell about 2% to $34.97 in rece…
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