Intel to cut thousands of jobs: sources
posted on October 21, 2022 09:02
Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering PC market, people with knowledge of the situation said. The layoffs are to be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report on Oct. 27, said the people, who asked not to be identified because the deliberations are private. The chipmaker had 113,700 employees as of July.
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