<ul><li>Intel Corp has announced pay cuts for employees and executives, following a lower-than-expected sales forecast.</li><li>The cuts range from 5% of base pay for mid-level employees to 25% for CEO Pat Gelsinger, with the hourly workforce's pay remaining unchanged.</li><li>The cuts are meant to have a greater impact on executives and support investments and the overall workforce.</li><li>An Intel spokesperson, Addy Burr, stated the changes are designed to help support the company's investments and workforce.</li></ul>

Intel slashes pay across company, CEO takes 25% pay cut

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