Intel, which was recently revealed to have incurred significant losses, has found the solution once again in mass layoffs. According to reports, the company, which has close to 133,000 employees, will part ways with approximately 10,000 employees. It is believed that the main reason behind this decision is the negative financial performance announced by the company in recent times. Here are the most important details about the issue…

Intel to conduct mass layoffs

With this latest decision, Intel’s management aims to ensure economic sustainability and regain the trust of investors. It is expected that this situation, which has caused significant unrest within the company, will have a short-term negative impact on stock values. The organization, which has been experiencing a noticeable downsizing trend over the past two years, aims to launch a major chip initiative with the increased budget from reduced labor costs.

It is claimed that the department to suffer the most job losses in the recent layoff frenzy will be sales and marketing. However, while the company’s management avoids providing too many details on the matter, it is desired that the layoff procedures be handled quietly. Intel, which announced some 2030 goals in recent weeks, is expected to make many more radical decisions for this purpose. We hope that all these developments will ultimately benefit the users.

What do you think about this issue? Do you think Intel will achieve success in its new ventures? Do you use Intel products? You can easily share your opinions with us in the comments section below. Your opinions are very valuable to us.