Intel (INTC) shares plummeted after posting second quarter results that missed estimates on both the top and bottom lines, providing weak Q3 guidance, and announced it's slashing 15,000 jobs and suspending the dividend. CEO Pat Gelsinger spoke with Yahoo Finance about the restructuring, saying Intel is taking "decisive steps" as they work to make the company sustainable in the long term.

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This post was written by John Lesinski.