Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com, May 8 (Xinhua)-- Intel recently reported revenue of $11.7 billion in the first quarter of 2023, down 36% from a year earlier and down from $14 billion in the previous quarter.

Following rumors that Intel is cutting budgets for its data center and client computing businesses, Intel issued the following statement to Tom's Hardware: "Intel is working to accelerate its strategy while dealing with a challenging macroeconomic environment. We are focused on identifying cost reductions and efficiency gains through a number of initiatives, including layoffs in some businesses and specific functions in all areas of the company."

"We continue to invest in core areas of our business, including our manufacturing operations in the US, to ensure preparations for long-term growth," an Intel spokesman said. these are difficult decisions and we are committed to treating affected employees in a respectful manner. "

Intel's statement confirmed that the company was laying off employees in specific areas, but did not specify the number of employees affected or what areas of the company were affected. The company said it would continue to invest in its chip manufacturing business and, although it has pulled out of several businesses, remains focused on its IDM 2.0 goals.

According to CTOnews.com, Intel has pulled out of services such as server machines, network switches, 5G modems, proudly memory, bitcoin mining chips, drones and SSD memory units.

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