Intel To Lay Off Thousands In Light Of Slowing PC Market

and a dwindling PC market, according to a variety of sources that are in the know of the chipmaker’s everyday business.

According to a report on Bloomberg, Intel’s layoffs could happen as early as this month. More specifically, the company could break the news during its next earnings report, which is scheduled to take place on 27 October. If true, the chipmaker could be looking at slashing approximately 20% of its current staff from a number of divisions, including its sales and marketing group. As of July, Intel currently employs 113,700 people.

There are obviously several factor that can be attributed to Intel’s decision, but to be fair, the company has been facing an uphill struggle for many years now, and that was before its current CEO, Pat Gelsinger, was brought onboard to try and change its tides. The semiconductor maker’s last major layoff occurred in 2016, when it laid off 12000 of its staff at the time. In the years following that, it also closed down several divisions, most notably its mobile phone, modem, and drone divisions.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The global PC market is seeing its “steepest decline” in over two decades | TechNaveIt is quite common knowledge that global PC sales have been decreasing for quite some time now, though you’d be quite surprised at its current state of de
Source: technavemy - 🏆 6. / 68 Read more »

Eric Chou no longer in the marketTAIWANESE singer-songwriter Eric Chou announced that he is finally off the market and engaged to be married, Sin Chew Daily reported.
Source: staronline - 🏆 4. / 75 Read more »