Intel about to slice and dice THOUSANDS of jobs after Arc GPU launches

Intel is reportedly planning a MAJOR reducion in staff, with thousands and thousands of jobs on the chopping block... PC slowdown blamed of course.

Intel about to slice and dice THOUSANDS of jobs after Arc GPU launches
Published Oct 11, 2022 7:52 PM CDT   |   Updated Mon, Oct 31 2022 2:50 AM CDT
2 minutes & 2 seconds read time

Intel's new Arc A770 and Arc A750 graphics cards have been reviewed by those who received their samples, with the Arc A770 and Arc A750 graphics cards releasing in the next few hours on October 12... but now, there's a new report suggesting Intel is about to slice and dice THOUSANDS and THOUSANDS of jobs.

Intel has continuously struggled over the years, where for all their strength, might, and money... Big Blue is still suffering. CPUs have been met with much stronger (than ever before, really) competition from AMD, while their GPU side of things doesn't even count at this point but still billions and billions of dollars (and thousands and thousands of staff) have been thrown at it with no fruit from that labor at all. No market share in the GPU market, nothing.

Intel about to slice and dice THOUSANDS of jobs after Arc GPU launches 08

Well, now Bloomberg is reporting that Intel is "planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market". Bloomberg reports that Intel's huge layoffs will be announced as early as this month, and with over 113,700+ employees, it's going to be a big shave from Big Blue's headcount.

Bloomberg reports that in some divisions inside of Intel -- sales and marketing for example -- will see 20% of their staff cut, according to their sources. The last time Intel laid off a big chunk of their employees was back in 2016, when Intel laid off 12,000 or so jobs (11% of its global workforce at the time).

Since then, Intel has been closing the doors on divisions that don't have a future -- recently, out of nowhere the Intel Optane division was mothballed forever, after showing off next-gen Optane products -- and even though it's been getting me in trouble (and unfollowed by most major Intel GPU-related staffers) the Arc GPU division has been rumored to be on the chopping block for obvious reasons.

Gelsinger explained during Intel's recent Q2 2022 earnings call: "We are also lowering core expenses in calendar year 2022 and will look to take additional actions in the second half of the year".

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NEWS SOURCE:bloomberg.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. 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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