Intel’s brutal start to 2023 means more troubles are ahead

Join Humble Bundle now for 12 games for $12! Plus, keep your games forever.
- Advertisement - - Big savings on official Steam games

Large tech corporations have not loved a very good begin to 2023. The broader financial system, the conflict in Ukraine, lingering pandemic associated points and inflation has meant lots of the world’s largest firms together with Meta (opens in new tab) and Alphabet (opens in new tab) amongst others have taken enormous hits to their backside traces. Sadly, for these concerned, which means employees cuts. Intel is the newest firm to announce a brand new wave of layoffs.

- Advertisement -

Simply a few weeks again, Intel launched a grim set of financial results (opens in new tab). It noticed a lack of $2.8 billion, the most important within the firm’s historical past. Add to {that a} large 36% drop in total income and it is no shock that Intel is in search of to tighten the purse strings.

Source link

View the best new releases at Fanatical!

Latest articles


Related articles