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)

February 1, 2023

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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 …

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