Intel Cuts Full-Year Profit Forecast, Chipmaker Plans Layoffs as Firm Ramps Up Sales Into Data Centres

Intel on Thursday said that it had slashed its Q4 forecast for profit and revenue to reflect economic uncertainty that is expected to last into next year. The chipmaker is taking time to ramp up sales into data centres that fell 27 percent in the previous quarter, according to Intel CEO Pat Gelsinger. The company also said it would lay off staff as part of its cost re...

from Gadgets 360 https://ift.tt/aIF1fH6
via IFTTT