Intel will reportedly lay off thousands of employees as PC sales slow
, Intel is planning to cut thousands of jobs and could make the announcement around the same time it's releasing its third quarter earnings report on October 27th. and profit forecasts for 2022 back in July, when it said that it expects revenue for the year to be $11 billion less than previously projected.
Mobileye, the the self-driving tech firm that Intel had purchased for $15.3 billion back in 2017, recently. Intel intends to keep most of what it earns from the IPO for itself and to help finance the chip factories it's planning to build. But projected earnings from the offering may not be enough to prevent the mass layoffs, which will affect various divisions within the company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intel to cut thousands of Jobs as PC demand slows: reportIntel may cut a large amount of jobs this month as the semiconductor manufacturer deals with PC demand slowdown. The company's third-quarter earnings report is due out this month.
Read more »
Intel reportedly planning major layoffs, likely affecting thousands of jobsThe PC market is declining worldwide, and Intel has been badly affected
Read more »
Downtown-owned CD Baby and Soundrop Lay Off Employees, Citing ‘Economic Conditions’Last week, Downtown announced plans to combine several of its businesses to streamline B2B operations.
Read more »
Facebook Employees Seem Completely Confused by the MetaverseSome Facebook execs have threatened to actively monitor Meta employee use of Horizon Worlds, which employees reportedly, uh, weren't using.
Read more »
Gummy Vitamins Are Surging in Popularity. Are They Healthy or Just Candy?Sales of gummies are booming, but you might be better off sticking with regular pills.
Read more »