At the end of this month, Intel has to report on the financial results of the third quarter, and this event will be preceded by a painful decision for the company to reduce the number of staff, as reported by informed sources.
===Intel===As of the end of July, Intel had 113,700 employees, like many paraconductor companies, who stopped hiring new professionals this summer, and at the previous quarterly conference, the financial director stated that Intel would be forced to cut costs in the third quarter of this year.
According to some estimates, in some cases Intel units will lose one in five employees, but this is more so for sales and marketing professionals. Intel analysts and IDC this week have reported that in the third quarter, PC and laptop sales declined by 15 or 20 per cent relative to the same period last year. Intel ' s loan is still about half the value of the PC segment, so current market trends undermine the company ' s financial performance. Intel ' s own projections suggest that its year-end revenues may decrease by $11 billion relative to expectations. Intel ' s third quarter sales are estimated to decline by about 15 per cent. Intel ' s profit rate is also close to 45 per cent as compared to its historical 60 per cent. In this context, it is necessary to take measures to reduce costs, and the separation of some staff is the traditional way to achieve this.
The constant cost of Intel can be as high as $25 billion or $30 billion, some experts believe, and a reduction in staff will reduce it by between 10 and 15 per cent. The previous major reduction of Intel's staff took place in 2016, when about 11 per cent of employees or 12,000 people lost their jobs. This year, Intel's stock prices fell by more than 50 per cent, and in the last month alone, they lost 20 per cent. Management needs to be determined to reduce costs in order to win investors' confidence. In doubt, the payment of dividends, but the public allocation of shares to Mobileye's subsidiary should provide Intel with capital inflows, which is good news against the background of this grim trend.