Intel is planning a massive layoff in the face of falling profits

It seems that Intel is not exactly going through its best momentbecause despite the recent launch of the thirteenth generation Intel Core processors, the benefits of the company do not seem to be what they would expect to obtain, which is why, as we can read in TechPowerUp, Intel would be planning to make massive layoffs, and even withdraw some products from sale.

For now, exact figures of what will happen beyond what is expected are not known. cut between 3 billion and 10 billion dollars a year between 2023 and 2025.

However, whether at the level of employees or at the level of products that can be withdrawn from sale, it is clear that if the company is planning something like this, it is because some products will not be working properly at the sales level.

According to Intel CFO David Zinsner, the company will lay off “a significant number” of employeesin addition to making portfolio cuts, implementing strict spending controls and improving marketing efficiency, somewhat concerning as portfolio cuts may mean Intel divests some product lines or just cancel them.

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