Cloud News
Tech Layoffs In 2022: 23 Companies Slashing Their Workforce
Joseph F. Kovar
A review of the layoffs that have hit some major tech companies and startups alike over the past few months — from Oracle and Intel to Avaya, Meta and Cybereason.
Intel: Planning To Lay Off Thousands
2022 has not seen the last of tech layoffs.
Reports from Bloomberg and others in October said that Intel was planning to lay off thousands of its employees as the company deals with a big downturn in the PC market, with the timing of the start of the layoffs likely to be around the company’s third fiscal quarter 2022 financial report at the end of that month.
Intel CEO Pat Gelsinger in October reportedly told employees via a video conference to expect “hard decisions” about layoffs.
As of publication date, Intel has not specified the expected number of employees to be laid off.
The big layoffs at Intel comes as the PC market appears headed for a sustained slowdown. Research firm IDC in October reported that third-quarter 2022 shipments of traditional PCs, which it defined as including desktop PCs, notebooks and workstations but not tablet PCs, detachable tablet PCs or servers, fell 15 percent compared with the third quarter of 2021 to a total of 74.3 million units.
