Spectre of layoffs looms over Intel following dismal sales
Posting last week on Blind, a popular spot for techies discussing impending layoffs, one employee wrote that the company's Client Computing Group was, and that an involuntary round of layoffs would follow if there weren't enough volunteers. We take this to mean that Intel is offering buyouts for early retirement in some of its divisions. The employee also reported involuntary layoffs hitting the company's Datacenter and AI group , with notifications to land in June.
Another staffer emphasized that these wouldn't be company-wide layoffs, but that a"huge portion" of the corporation is doing layoffs. Others referenced an all-hands meeting last week in which cuts appear to have been mentioned.massive layoffs were on the way at the Xeon goliath. Patel's prognostications suggest Chipzilla's DCAI and CCG teams are each set for budget cuts of around ten percent.
Very unfortunate news, but massive layoffs at Intel coming!Intel's Datacenter and Client computing groups are receiving ~10% budget cutsIt's up to divisions to figure out how to cutGiven fixed costs, means as much as 20% layoffs in groupsLTD unaffected
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