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Intel To Lay Off Employees Amid Declining PC Demand

By John F. Heerdink, Jr.

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.


Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page


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(Read Original Story: UPDATE 2-Intel plans to cut thousands of jobs hit by PC slowdown - Bloomberg News in Reuters)


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