Published 2 years ago

Intel reportedly laying off thousands of workers

Summary by Ground News

Bloomberg News: Intel plans to lay off employees across a number of divisions. Company has suffered from a decline in demand for PC processors, or computer chips. In July, the company reduced its full-year revenue guidance. Intel is scheduled to share its third-quarter earnings in just over two weeks.

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Business Insider

Chipmaker Intel is planning massive layoffs that are likely to affect thousands of jobs as demand dwindles and the US imposes new curbs against China: report

The news comes amid a steep erosion of demand for processors for PCs and an industry-wide sell-off following a spate of new US export curbs.

2 years ago·United States

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The Verge

Intel reportedly planning major layoffs, likely affecting thousands of jobs

Intel is planning a major round of job cuts, probably affecting thousands of jobs, reports Bloomberg News. The company has faced declining sales of its consumer chips as the global PC market enters a downturn.

2 years ago·United States

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NBC4 Columbus

Intel reportedly laying off thousands of workers

It's unclear how many job losses will be in Ohio, where Intel is building a new $20 billion semiconductor plant in New Albany to reportedly make yet-unannounced processor chips.

2 years ago·Columbus, United States

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