Intel freezes hiring in PC chip unit for at least 2 weeks
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Update time : 2022-06-11 14:25:38
Intel has announced a formal hiring freeze for its PC desktop and laptop chip unit as part of a series of cost-cutting measures, according to media reports.
According to a memo sent Wednesday, Intel is "suspending all hiring and placing all job applications on hold" in its customer computing group. The memo said some hiring could resume within two weeks after the division reassesses its priorities and all current job opportunities in its systems will be honored. We believe we are at the beginning of a long-term growth cycle in the semiconductor industry and we have the right strategy in place," Intel said in a statement. Increased focus and attention to spending will help us withstand macroeconomic uncertainty, execute our strategy, and deliver on our commitments to customers, shareholders and employees." The company's client computing division made the largest contribution by sales, contributing $9.3 billion of the $18.4 billion in total revenue in the most recent quarter. Intel, once the dominant player in the desktop and laptop chip industry, is now facing stiff competition from AMD (AMD.US) and has also lost this important customer after Apple (AAPL.US) developed its own chips.
However, the hiring freeze does not seem to have affected the entire company. Chief Executive Officer Pat Gelsinger said in a memo sent to all employees on Tuesday that the company will slow down the pace of hiring and will hire 23,000 new employees in the next 90 days. By the end of 2021, Intel has 121,000 employees.
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