Intel
looks set to be the latest tech company to announce job cuts in the face of a gloomy macro outlook—a sign that a bitter winter is coming for the sector. From a more macro perspective, there are reasons to be less pessimistic.
Intel
(ticker: INTC) may announce thousands of job cuts around the time of its third-quarter earnings on Oct. 27 as it looks to cut costs amid a drop-off in demand for personal computers, Bloomberg reported Tuesday, citing anonymous sources.
Source: https://www.barrons.com/articles/layoffs-intel-tech-stocks-fed-51665573084?siteid=yhoof2&yptr=yahoo