Intel Reportedly Plans to Cut Thousands of Jobs Amid PC Sales Drop

Intel is planning a major workforce reduction, with job cuts likely numbering in the thousands, in the face of a downturn in the PC market, Bloomberg reported Tuesday.

The layoffs will be announced as early as this month, coinciding with Intel’s third-quarter earnings report on Oct.

27, the news agency reported, citing unidentified sources. Some divisions, such as the chipmaker’s sales and marketing groups, could see staff reductions of about 20%, the report said. After the pandemic spurred demand for devices while everyone was forced to stay home, consumer spending in the second half of this year has been hurt by the effects of high inflation, rising interest rates and geopolitical tension.

Intel’s profit and revenue plunged in the second quarter, with revenue from its PC business dropping 25% to £7.3 billion. Global PC shipments likely declined 15% in the third quarter year over year, the International Data Corporation predicted Monday. The reported layoffs come as Intel tries to claw its way back to the cutting edge of chip manufacturing and lead the US semiconductor industry to reclaim clout lost to Asia.

Intel’s last major round of layoffs came in 2016, when it announced it would cut 12,000 jobs, or 11% of its global workforce.

The chipmaker had 113,700 employees as of July.

An Intel spokesperson declined to comment on the report.

Tags:

aph-airport-parking-and-hotels listed on couponmatrix.uknaylors listed on couponmatrix.ukserenata-flowers listed on couponmatrix.ukspaghetti-house listed on couponmatrix.uktyres-on-the-drive listed on couponmatrix.ukwater-butts-direct listed on couponmatrix.uk
aph-airport-parking-and-hotels listed on couponmatrix.ukWho doesn’t love a holiday? Taking a break from work, discovering somewhere new, plus a chance to spend time and create memories with the people you love. Unfortunately, however, the process of getting to your dream destination isn’t always as relaxing as the holiday promises to be, and we can agree one of the worst parts about a holiday is the airport. But no longer! With an APH discount code, you can sort your Airport Parking and Hotel needs with ease and never have airport parking stresses darken your holiday plans again.
naylors listed on couponmatrix.ukWith a rich heritage in supplying the finest clothing and accessories for horse riders throughout the nation for over half a century, Naylors excel in all things equestrian. Whether it’s your first time behind the saddle or you’re a veteran of hundreds of country rides, a Naylors discount code can fill any gaps in you or your horses’ inventory for a fraction of the price. So don’t let anything stand between you and your countryside escapades, let Naylors get you to a gallop! Naylors want to ensure every single rider who visits them goes away knowing that they got the best deal, so the brand ensures that customers can always claim money back if a better price is showcased elsewhere. If you’ve bought something from Naylors in the past seven days and see the same product sold for less, you can make a price claim and be refunded the difference once it’s been verified. When you want only the best for your favourite four-legged friend, Naylors horse shop has all that’s needed to keep your animal sheltered, warm and well-groomed. Shop saddle pads, mane conditioner, brushes and plenty more before using a Naylors voucher code to get top-notch equipment at the lowest possible price. There are items big and small that can help enhance the life and safety of your animal, so keep them as happy as they make you with the help of Naylors equestrian supplies.
serenata-flowers listed on couponmatrix.ukExpress your deepest sentiments with the award-winning Serenata Flowers and send beautiful blooms, colourful baskets and creative floral arrangements to anywhere in the UK. Use a Serenata Flowers discount code from us to surprise your loved ones with fresh bouquets and take advantage of prices that are up to 30% cheaper than other leading florists. Why not combine your flowers with a swanky Serenata hamper or helium balloon? With an assortment of options to suit every budget, you can afford to be extra generous.
spaghetti-house listed on couponmatrix.ukLove the taste of proper Italian food? Living up to its namesake, Spaghetti House offers an incredible range of rich, classic pasta dishes, homemade pizza, and more. Offering a proper, authentic Italian dining experience in our beloved capita, with your Spaghetti House vouchers, you can enjoy the passion and love of food the Italians are renowned for at home, without breaking the bank. Why not use your savings to treat yourself to one of their delicious, authentic Italian desserts or wines to compliment your meal?
tyres-on-the-drive listed on couponmatrix.ukSaving the world from wasting weekends stuck at the garage, Tyres On The Drive are a mobile tyre-fitting company that will come to you - your home, your office, or even your gym – so you can get on with your life.
water-butts-direct listed on couponmatrix.ukWater Butts Direct is the UK's leading retailer of water butts. We pride ourselves on offering a huge range of water butts, all at amazing prices to suit all budgets and requirements. So whether you're looking to save money on your water bill or simply want to do your bit for the environment, we can help. Explore our Water Butts Direct discount codes and save now. At Groupon, we are always on the lookout for discount codes and voucher codes that can help you save money on your next purchase from Water Butts Direct. We have a wide selection of discount codes that can be used on our website, so you can be sure to find one that suits your needs. We have a wide selection of discount codes and voucher codes that can be used on our website. Simply enter the code at checkout to receive a discount on your order. One of our top-selling products is the Terracottage wall-mounted water butt. This product is designed to be space effective and to help you save money on your water bill. Discount codes are a great way to save money on your next purchase from Water Butts Direct. We have a wide selection of Water Butts Direct discount codes and Water Butts Direct voucher codes that can be used on our website. Simply enter the code at checkout to receive a discount on your order.