Reportedly, Intel Corporation announced cutting jobs amid a slowdown in the personal computer market. The layoffs will be announced as early as this month and some of Intel’s divisions, including the sales and marketing group, could witness cuts affecting about 20% of employees. As of July, Intel had 113,700 employees.
COVID-19 curbs in key PC markets China and the Ukraine conflict have led to supply-chain snarls and have lowered demand, building pressure on chipmakers. Intel declined to comment on the matter.
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