-- Intel Corp. is likely to cut thousands of jobs as sales of personal computers have slowed, Bloomberg reports Tuesday.

-- Citing "people with knowledge of the situation," Bloomberg reported layoffs will be announced as early as this month.

-- Sales and marketing will be hit especially hard by the cuts, Bloomberg said.

 

Full story: https://www.bloomberg.com/news/articles/2022-10-11/intel-is-planning-thousands-of-job-cuts-in-face-of-pc-slowdown?srnd=premium&leadSource=uverify%20wall

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 11, 2022 19:16 ET (23:16 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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