Bloomberg is reporting that Intel is preparing to announce a new wave of redundancies that could affect thousands of people within the company.
The publication, which quotes people close to Intel, says that the news could be shared over the next few days. Even though the company reported a 9 per cent growth in revenue last quarter, it is believed that this quarter's results will not follow the same trend and the company will feel obliged to take action.
It's important to emphasize that Intel is feeling increasing pressure from competitors such as Nvidia and AMD, with the company's aim now being to invest in semiconductor development and regain market share.
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