Intel to slash several jobs amid PC market slowdown
The Hindu
Intel currently has about 113,700 employees. The last time it made a significant employee cut was in 2016, when about 12,000 people were laid off.
Intel is cutting several jobs after a slowdown in the PC market sends the global chipmaker and PC vendors reeling, report said.
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Besides the PC vendors themselves, one of the companies most affected by the decline in the PC market is Intel, which is now cutting thousands of jobs to reduce losses in its revenue, 9to5 Mac reported.
Intel losing out market share to main rivals like AMD, and also losing out clients like Apple were identified as other factors behind this downfall.
In 2020, the chipmaker lost Apple as one of its major clients, as the Cupertino-based company decided to put its own Apple Silicon chips inside Macs.
The report also pointed out that the divisions most affected by the cuts will be sales and marketing, which will be reduced by 20%.
Intel currently has about 113,700 employees. The last time it made a significant employee cut was in 2016, when about 12,000 people were laid off.