Intel will reportedly lay off thousands of employees as PC sales slow

Stefan Mileschin · 13th October 2022, 08:45

Intel had long been expecting a decline in PC sales after a period of heightened demand due to work-and-study-from-home arrangements brought about by the COVID-19 pandemic. In July, it admitted to Nikkei that it was going to raise the prices of its processors and other chips due to "inflationary pressures" later this year. Turns out that may not be the only move Intel is making to weather the declining PC market. According to Bloomberg, Intel is planning to cut thousands of jobs and could make the announcement around the same time it's releasing its third quarter earnings report on October 27th.

https://www.engadget.com/intel-lay-o...1.html?src=rss

13th October 2022, 08:45	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Intel will reportedly lay off thousands of employees as PC sales slow Intel had long been expecting a decline in PC sales after a period of heightened demand due to work-and-study-from-home arrangements brought about by the COVID-19 pandemic. In July, it admitted to Nikkei that it was going to raise the prices of its processors and other chips due to "inflationary pressures" later this year. Turns out that may not be the only move Intel is making to weather the declining PC market. According to Bloomberg, Intel is planning to cut thousands of jobs and could make the announcement around the same time it's releasing its third quarter earnings report on October 27th. https://www.engadget.com/intel-lay-o...1.html?src=rss

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