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Intel Plans Thousands of Job Cuts Amid PC Slump: Report

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Intel Plans Thousands of Job Cuts Amid PC Slump: Report | Barron’s


Intel

could eliminate thousands of jobs to cut costs amid a drop-off in demand for personal computers, Bloomberg reported, citing people with knowledge of the situation.

The chip maker is scheduled to report its third quarter earnings on Oct. 27. The report said the layoffs could be announced sometime around that date.

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