Intel Corp. Planning Thousands of Job Cuts, Sources Say --Bloomberg
12 October 2022 - 10:31AM
Dow Jones News
-- Intel Corp. is likely to cut thousands of jobs as sales of
personal computers have slowed, Bloomberg reports Tuesday.
-- Citing "people with knowledge of the situation," Bloomberg
reported layoffs will be announced as early as this month.
-- Sales and marketing will be hit especially hard by the cuts,
Bloomberg said.
Full story:
https://www.bloomberg.com/news/articles/2022-10-11/intel-is-planning-thousands-of-job-cuts-in-face-of-pc-slowdown?srnd=premium&leadSource=uverify%20wall
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 11, 2022 19:16 ET (23:16 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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