Layoffs at Intel Could Spell a Bitter Winter for Tech. It’s Not All Bad News.



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: https://www.barrons.com/articles/layoffs-intel-tech-stocks-fed-51665573084?siteid=yhoof2&yptr=yahoo