News: Intel plans to cut thousands of jobs hit by PC slowdown

Technology

Intel plans to cut thousands of jobs hit by PC slowdown

The job cuts, which might affect roughly 20% of staff in several of Intel's divisions, including the sales and marketing department, will be announced as early as this month.
Intel plans to cut thousands of jobs hit by PC slowdown

Chipmaker Intel Corp. is preparing to lay off thousands of employees in response to a downturn in the personal computer industry, according to a Bloomberg report.  

The report stated that several of Intel's businesses, including the sales and marketing department, may experience workforce reductions of approximately 20% as early as this month.

People now spend less on PCs than they did during the pandemic-related lockdowns due to decades-high inflation and the reopening of offices and schools.

COVID-19 curbs in the important PC market are also putting pressure on chipmakers.  

In a statement sent to staff on Tuesday, Intel CEO Pat Gelsinger outlined intentions for building an internal foundry model for the company's product lines and external clients.

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Topics: Technology, #Layoffs

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