Intel looks set to be the latest tech company to announce job cuts in the face of a gloomy macro outlook—a sign that a bitter winter is coming for the sector. From a more macro perspective, there are reasons to be less pessimistic.
Intel (ticker: INTC) may announce thousands of job cuts around the time of its third-quarter earnings on Oct. 27 as it looks to cut costs amid a drop-off in demand for personal computers, Bloomberg reported Tuesday, citing anonymous sources.
Source: finance.yahoo.com
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