Intel faces lawsuit and accusations of inflating its stock price by sharing ‘materially false or misleading statements’

2021 has been a challenging year for Intel, as their difficulties persist. Following the announcement of job cuts affecting 15,000 employees and ongoing controversy surrounding the performance of their 13th and 14th generation CPUs, shareholders have now brought forth a lawsuit against the company. This legal action alleges that Intel concealed problems which ultimately contributed to a staggering $32 billion decrease in the company’s market value within a single day.

The First Descendant devs tease making it easier to manage your farmed rewards, battle the Frost Walker, and grind Hard Mode Operations

Nexon continues to impress with their popular free-to-play team shooter featuring loot, The First Descendant. Regularly addressing community suggestions through updates one after another, it’s barely a week since the last one and yet, Nexon is already hinting at what lies ahead for The First Descendant. The next update, Hotfix 1.07, is in development, though the team needs a bit more time to perfect its release. In the interim, we’re getting a glimpse of what this new version will offer.

AMD’s “new mid-range champion” Ryzen 7 9700X and its Ryzen 5 9600X sibling are now available to buy

AMD has made its debut with Ryzen 9000 series desktop processors (CPUs) available for purchase. The initial launch of Ryzen 9000 was slightly postponed due to some quality assurance problems, such as a labeling mix-up that caused confusion between Ryzen 5, 7, and 9 model names. However, the Ryzen 5 9600X and Ryzen 7 9700X are now up for grabs at popular retailers like Best Buy, Newegg, and Amazon.

Dell will reportedly lay off 12,500 employees this week, bringing the total to 24,500 in 15 months

Dell is planning to reduce its workforce significantly this week as part of a company restructuring that focuses more on AI. Although the specific number hasn’t been verified yet, it’s expected that around 12,500 positions will be eliminated. A former employee, Ian Armstrong, described the layoffs as a “bloodbath” on LinkedIn and directed people to an alumni network designed to assist during this transition period. This latest move is part of a larger trend by Dell, which has seen around 24,500 job cuts over the past 15 months.