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[ Wed, Apr 23rd ]: MLive
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[ Wed, Apr 23rd ]: CNN
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[ Wed, Apr 23rd ]: Forbes
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[ Wed, Apr 23rd ]: Fortune
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[ Tue, Apr 22nd ]: Fortune
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Intel to announce plans this week to cut over 20% of staff

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The move is part of a bid to streamline management and rebuild an engineering-driven culture.
Intel Corp. plans to reduce its workforce by more than 20%, which equates to over 10,000 job cuts, as part of a cost-cutting measure announced on October 12, 2022. This decision comes in response to a significant decline in demand for personal computers and a challenging economic environment. The layoffs will affect employees across various divisions, including sales and marketing, and will be implemented over the next few months. Intel also plans to reduce its operating expenses by $3 billion in 2023, aiming to improve its financial performance amidst fierce competition in the semiconductor industry.

Read the Full Fortune Article at:
[ https://fortune.com/article/intel-to-cut-over-20-percent-of-staff/ ]