Intel Will Lay Off Thousands Of Employees, This Is Leaked Information!

Intel plans to cut employees. (Photo; Doc. TechCrunch)

JAKARTA The business of a semiconductor company from the US, Intel, had to be hampered for several reasons, forcing the company to issue an employee layoff plan (PHK). The reason is, currently Intel's business has exceeded its short-term growth projections so that the company lobbies for chip stimulus worth 52 billion US dollars in 2022.

Reporting from Bloomberg, citing from sources related to the issue, the company's proposed layoff plan could reach thousands of people and will be announced on October 27 culminating in the company's time to announce its revenue during the third quarter.

In addition, the layoff plan will have a major impact on several major departments including the Sales and Marketing section. Termination of employment in these departments could reach 20 percent of the total number working there.

According to a Coinpeaker report, like most companies, Intel faces major challenges in its business growth, especially with its high slow growth rate in its PC Processor unit, its most important business segment to date. The company's challenges include and include general tensions in the supply chain that have affected demand from some of the company's key clients including Dell Technologies, Lenovo, and HP Inc, as well as others.

The slow growth of Intel PC Processors is also affected by the influence of its toughest competitors such as Advanced Micro Devices Inc (AMD). Overall, Intel's business is on track to receive a significant blow in terms of sales that are likely to drop 11 billion US dollars, lower than previously projected. In particular, the expected revenue in Q3 is estimated to be about 20 percent below the anticipated figure.

This downward trend peaked in the company's position to lay off some staff. The company had a workforce of 113,700 people by the end of July, making it one of the largest employers in the United States.

Global Economic Influence

In the current economic uncertainty, where the US dollar has plummeted, it has had a negative impact on the growth of companies in various countries. Coupled with the energy crisis that hit Europe. This condition forces companies to prioritize the company's continuity in dealing with these difficult times.

The company's top priority right now is to stay in trouble. Because production costs are rising sharply, while revenue is declining drastically. On the other hand, Intel is also planning to build the world's largest chip factory located in Ohio, USA. Even so, the plan seems to be inconsistent with the current company's condition of downsizing employees.

Previously, Intel had indicated cutting employee costs and closing a number of company divisions including drone and mobile modem units. In addition, the company has also cut employee travel costs in recent months.