Senator Scott Questions Intel's Job Cuts Plans
Senator Scott Questions Intel's Job Cuts Plans
Senator Scott Questions Intel's Job Cuts Plans
News summary

Republican Senator Rick Scott has questioned Intel CEO Pat Gelsinger about plans to cut over 15,000 jobs despite the company being a candidate for nearly $20 billion in U.S. grants and loans aimed at boosting semiconductor manufacturing. Scott expressed concerns about the effective use of taxpayer funds and whether the Commerce Department's planned awards included sufficient metrics to protect these funds. The funding is intended to create over 10,000 manufacturing jobs and 20,000 construction jobs across several states, but Intel's recent $10 billion cost-reduction plan includes significant layoffs. Scott is seeking clarification on how many U.S. employees will be impacted and how these cuts will affect Intel's investment in semiconductor production. The Commerce Department and Intel have not yet commented on Scott's letter.

Story Coverage
US Senator Presses Intel CEO on Chips Award After Job Cut Plan
US senator to Intel CEO on 15,000 job cuts: “What is Intel trying to achieve with…”
alt
Newsmax
Right
Sen. Scott Presses Intel CEO on Chips Award After Job Cut Plan
Bias Distribution
67% Right
Information Sources
045e1b4c-3084-4df3-accf-c023e46a780b538ad27c-7e41-4215-a5e1-3c6c21cfd9ff
Left 33%
Right 67%
Coverage Details
Total News Sources
3
Left
1
Center
0
Right
2
Unrated
0
Last Updated
21 days ago
Bias Distribution
67% Right
Related News
AI Assistant
Story Coverage
US Senator Presses Intel CEO on Chips Award After Job Cut Plan
US senator to Intel CEO on 15,000 job cuts: “What is Intel trying to achieve with…”
alt
Newsmax
Right
Sen. Scott Presses Intel CEO on Chips Award After Job Cut Plan

Related Topics

Subscribe

Stay in the Know, Subscribe to Our News

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News