Intel CEO draws mixed reactions for posting Bible verse after announcing layoffs

Category: Business

Intel CEO Pat Gelsinger faced backlash for quoting Proverbs on social media after announcing significant layoffs amid a sharp decline in the company's stock price. Gelsinger's biblical reference drew criticism from users who mocked his approach during a challenging time for the tech giant, which is cutting about 17,000 jobs as part of a $10 billion cost-reduction plan. The company's stock plummeted 26%, marking its worst day in 50 years, despite receiving substantial federal grants to support chipmaking.

Keywords: Intel, CEO Pat Gelsinger, layoffs

Source: Christian Post

Update At: 8/6/2024

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