Intel is laying off staff due to the poor state of the personal computer market

It seems that Intel wants to lay off thousands of employees due to the turmoil in the PC market.

BingMag.com Intel is laying off staff due to the poor state of the personal computer market

It seems that Intel wants to lay off thousands of employees due to the turmoil in the PC market.

In the past few days, many reports have been published that the personal computer market in 2022 was not in a good condition compared to the previous year. Because of these conditions, not only the companies active in the field of selling products related to personal computers have suffered a lot of damage, but also Intel has entered a difficult time, as it was recently reported that this company wants to fire thousands of its employees.

According to Bloomberg, Intel has apparently come to the conclusion that it must have a major force adjustment. According to an internal source, the number of troops who will probably be fired in the near future may reach thousands. Of course, Intel has not confirmed this issue, but Bloomberg claims that the company will soon announce the news of layoffs.

Intel currently has 113,700 workers, and it is likely that this is the sector with the largest number of exits. will have, it will be marketing and sales because if this news is true, almost 20% of the workforce working in this team should leave the company. Intel wants to publish its financial report for the third quarter of 2022 on October 27 this year, which is 15 days from now, and as a result, the reduction in force is expected to take place before this date. The last time Intel faced such a difficult situation was in 2016. when this company fired 12 thousand of its employees.

BingMag.com Intel is laying off staff due to the poor state of the personal computer market

Computer sales statistics The third quarter of 2022

According to the report published by the IDC Institute, the personal computer market has decreased by 15.3% compared to the previous year. As a result, analysts predict that Intel's income and profit margin for the third quarter of this year will drop by about 15%. Earlier this year, Intel warned that the amount of revenue and sales in 2022 will probably be 11 billion dollars less than the previous year. AMD is also available. In the past one or two years, Intel has given up a large part of the market to its long-time rival, and since Apple no longer intends to use the company's chips in Mac computers, the situation has worsened.

Intel for To compensate for this situation, he wants to work in fields such as artificial intelligence and database. Recently, a report was published that the company wants to enter into cooperation with TSMC to produce chips with 5nm manufacturing technology. The same manufacturing technology used by TSMC to produce Apple's M1 chip. Intel even sold its modem manufacturing division to Apple in 2019 for $1 billion. But it is not yet clear how much these measures have affected the company's return to good conditions.

Of course, Intel was not the only one that was forced to retrench. Other large companies such as Oracle and ARM are in a similar situation, but Intel's situation seems to be much more difficult than other competitors.

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