Intel reportedly planning major layoffs, likely affecting thousands of jobs

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Intel reportedly planning major layoffs, likely affecting thousands of jobs
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The PC market is declining worldwide, and Intel has been badly affected

The job cuts could be announced as early as this month, reports Bloomberg, as Intel faces declining sales of its consumer chipsIntel is planning substantial job cuts, likely numbering in the thousands, according to a report from

. The reduction in headcount is a response to declining demand for the company’s consumer chips — part of a wider downturn in the PC market., affecting around 20 percent of team members. The cuts will reportedly be announced “as early as this month,” around the same time as Intel’s third-quarter earnings report on October 27th. The company currently has 113,700 employees.found that worldwide shipments totaled 68 million units in the third quarter of 2022 — a 19.

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