Intel Layoffs – I need information on the recent layoffs at Intel and how it will affect the company.
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Intel is planning job cuts, with reports suggesting it could number in the thousands. This move comes as Intel reduces its budgets by 10% in some areas, resulting in layoffs of up to 20% of employees. The company is looking to exit the NUC business and is in search of a buyer or buyers.
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The tech industry has been experiencing a wave of layoffs, and Intel is one of the companies affected. These job cuts are expected to have a significant impact on the company's workforce. The layoffs add to the total number of tech industry layoffs in 2023, which already exceeds the previous years. The Bay Area, where Intel is located, is also expecting more tech layoffs.
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