Mark Gurman and Debby Wu / Bloomberg / Techland – Time
Intel Plans to Lay Off Thousands of Employees As the Chipmaker Looks to Trim Costs – The layoffs will be announced as early as this month, to cut costs and cope with a sputtering personal-computer market. Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of …
