Intel is cutting 2023 employee compensation to preserve cash for investment, ranging from 5% of the base pay for mid-level managers to 25% for CEO Pat Gelsinger (Ian King/Bloomberg)
Ian King / Bloomberg:
Intel is cutting 2023 employee compensation to preserve cash for investment, ranging from 5% of the base pay for mid-level managers to 25% for CEO Pat Gelsinger — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope …