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Intel Is Planning Thousands of Job Cuts in Face of PC Slump

  • Chipmaker may announce move around time of its earnings report
  • Companywide cuts will hit sales and marketing especially hard
The Intel headquarters in Santa Clara, California.

The Intel headquarters in Santa Clara, California.

Photographer: David Paul Morris/Bloomberg
Updated on

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 the situation. 

The layoffs will be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report on Oct. 27, said the people, who asked not to be identified because the deliberations are private. The chipmaker had 113,700 employees as of July.