Intel Faces Legal Battles Amid Financial Struggles and Workforce Cuts
Aug/09/2024
On August 8 and 9, Intel Corporation filed opposition against the trademarks "INTELBOX" and "INTELBRAS," targeting products ranging from electronic cigarette accessories to computer peripherals and wireless earphones. These legal actions come on the heels of significant financial turmoil for the tech giant, as Intel's shares plummeted nearly 30%, slashing $35 billion from its market value, following announcements of workforce reductions and suspended dividend payments. The company plans to cut over 15% of its workforce, equating to approximately 17,500 jobs, as it grapples with what analysts describe as "existential problems." The second quarter saw Intel swing to a $1.6 billion net loss from a $1.5 billion profit the previous year. The attached visualization provides detailed information about the trademarks opposed by Intel.
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