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Intel reportedly preparing for thousands of fresh layoffs

Intel is reportedly preparing for a 'significant round' of job cuts.

@anthony256
Published Sun, Apr 17 2016 1:24 AM CDT   |   Updated Tue, Nov 3 2020 12:00 PM CST

While Intel is shrinking down to 14nm right now, it is reportedly looking to shrink down its job numbers, with a new "significant round of job across across business units this spring", reports Oregon Live.

Intel reportedly preparing for thousands of fresh layoffs | TweakTown.com

At the end of 2015, Intel had 107,000 employees worldwide, with its Oregon-based operations including 19,500 employees. The new cutbacks will reportedly reduce employment in some parts of Intel's business by double-digit percentages, which will result in thousands of job cuts by the end of 2016. We could expect the announcement soon after Intel reports its Q1 financial results on Thursday.

Last year, Intel sliced up 1,100 jobs - but these fresh job cuts will reportedly be even more severe. The company is still insanely profitable, with gross profit margins higher than 60%. Even this year, Intel's forecast sales growth is somewhere higher than 5%, but the job cuts are still reportedly on their way.

NEWS SOURCE:oregonlive.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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