Intel is in the middle of a crisis: One quarter after the other, the company is missing investors' expectations. Now Intel has to take measures in the form of job cuts.
Up to 20% fewer workers; Image: Reuters
The PC market is collapsing. That was already clear a few months ago. But only a few expected it to be so extreme. According to Bloomberg, Intel will cut about 20% of all jobs, which could affect about 20,000 people. The announcement should be made at the end of the month.
The following are the reasons for Intel's decline:
Exports to Asia will be more strictly controlled by the U.S.
Market share was lost to the competition, such as AMD
Fewer people are at home to be at the PC. This results in a decline in sales
Innovation was less present
Intel's share price lost 50% this year alone. After the quarterly report on October 27, nothing better can be expected.