Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering PC market, according to people with knowledge of the situation.
Quoteworthy: "They kind of used up all the air in their universe, and they have nowhere to grow." — Kim Forrest, chief investment officer at Bokeh Capital Partner on the end of Wall Street’s “pandemic darlings”
Intel plans thousands of job cuts in face of PC slump
