Intel Announces Mass Layoffs Once Again

Layoffs in the tech world continue at a rapid pace. Nearly all technology except Apple has laid off tens of thousands of employees in recent months. Now The second wave has even begun.

While the latest news in the second wave of layoffs came from Disney, there is also new news from Intel today. Intel, “function-specific workforce withdrawals“He announced that he would.

20% of employees in the company can be laid off!

Intel’s new statement was actually an expected statement in the industry. Although Intel did not disclose the rate of the workforce to be laid off in its latest statement, there are some estimates on this subject.

First to raise the possibility of Intel layoffs Dylan Patel of Semianalysisused the following statements about the number of people to be removed in his last post:

“About 10% budget cut. Given fixed costs, Data Center and Client groups layoffs of up to 20% means.”

Although Patel’s dismissal claims turned out to be true, it is not certain at the moment to what extent the said workforce reduction will occur.

Intel shared the following statement about the layoffs:

“Intel is working to accelerate its strategy as we move forward in a challenging macroeconomic environment. We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions across the company.

We continue to invest in key areas of our business, including our US-based manufacturing operations, to ensure we are well positioned for long-term growth. These are tough decisions and we are committed to treating affected employees with dignity and respect.”