Intel Layoffs 2022 India: Bad news is coming out of Intel, one of the world’s well-known companies. Intel has announced layoffs of a large number of employees. The reason behind this is being told the coming global recession.
new savings plan
Intel is famous for manufacturing processors of computers and phones, in which people from all over the world work. Through this layoff, the company is planning to make annual savings of about $3 billion, which could go up to $8-10 billion by 2025.
What Intel said
Intel CEO Pat Gelsinger says that his company is taking some tough steps to reduce costs. Through this, efforts are also being made to ensure that they remain firmly in the global market. In the coming days, apart from reducing the cost, there are also plans to cut the structural cost. Let us tell you that the annual savings from layoffs is to be 3 billion dollars. After this, it is to be taken to $ 8 to 10 billion by 2025.
Such employees will be out
The CEO says these are difficult decisions affecting our loyal Intel family, but we need to balance the increased investment. Although the company has not yet told how many employees it will remove, in some reports it is being claimed that most of the sales and marketing employees will be fired. Intel has been making losses for the last few days, there has been a decline in computer sales globally.
earned so much
According to the report, Intel generated revenue of $15.3 billion in the third quarter. In which there has been an operating loss of $378 million. The reason behind this is being told due to the decrease in demand. The company is not satisfied with the results, due to which strict measures are going to be taken.