Beleaguered Intel looks to ‘austerity’ for salvation

Pat Gelsinger, CEO of beleaguered hotplate-maker Intel, has tasked his hopelessly outclassed team with finding new cost savings as he looks to “austerity” for salvation.Brian Sozzi for Yahoo Finance:“This is a time for a bit of austerity,” Gelsinger told Yahoo Finance on Friday. “We had stuff we created over the last decade that needed to be cleaned up. It helps drive a more accelerated pace to the transformation we have under way.”
Gelsinger told investors on