![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2022/10/layoffs-at-intel-could-spell-a-bitter-winter-for-tech-stocks-its-not-all-bad-news.jpg?w=640&ssl=1)
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
Related posts:
The stock market bull run is in its 'twilight', Fidelity's global macro head says
Elon Musk Cautions Fed On Further Interest Rate Hikes: 'Quite A Serious Danger' Of Crushing Stock Ma...
These are the next three mega-cap tech stocks you’ll be hearing more about
There are 8 warning signs of a stock market bubble and 6 of them have already flashed, UBS says
Russia’s First Default in a Century Looks All But Inevitable Now