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Intel rumored to cut thousands of jobs by end of 2016

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Intel rumored to cut thousands of jobs by end of 2016

Chip maker Intel may well be getting in a position to announce plans to lay off thousands of its staff. A brand new record says that the layoffs may just have an effect on its its workers till the end of 2016.

The Oregonian states:

The cutbacks will scale back employment in some portions of the industry by double-digit percentages, in accordance to Intel insiders, amounting to thousands of task cuts around the corporate by the end of the yr. The deliberate downsizing may just start quickly after Intel reviews its first-quarter monetary effects Tuesday, even though resources say timing and specifics stay fluid.

The document speculates that the downturn within the PC business may well be phase of the rationale Intel may just grasp layoffs. Intel nonetheless will get the bulk of its revenues from gross sales of its PC chips. Analysis companies Gartner and IDC reported early this week that shipments of PCs continued to go down worldwide within the first quarter of 2016.

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