Intel said it expects revenue of $73.5 billion in 2020 and issued a long-term forecast, indicating it expects annual sales around $85 billion by 2023. The layoffs appear to reflect a repositioning of the data center group, which is among Intel’s most profitable. Messages relating to layoffs at Intel Corp. are presented below the company info. Feb 13, 2020, 1:59pm PST Intel Corp. is laying off 128 workers at four locations at its Santa Clara headquarters, according to new filings with the state's … … Then came what Hutcheson describes as Intel… Company information: Industry/Area of Activity: Semiconductors Company Stock Ticker: INTC Stock traded at: NASDAQ Industry Code: 9576 About Intel Corp. : Intel Corporation is an large multinational technology company headquartered in Santa Clara, California. The current layoff talk is coming from several different types of employees and many seem to be frustrated with the lack of managers in the Intel layoffs 2020. You might recall last November SemiAccurate exclusively brought you news that Intel was going to reorg, let key people go, and lay off 25-33% of DCG in Q1/2020. Intel endured wrenching layoffs in 2015 and 2016, the biggest in the company’s history, which shook the company’s culture and demolished morale. A man cycles past a shuttered movie theater in Times Square following the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 17, 2020. Intel Layoffs 2020: Targeted Data Center and Software Staff Cuts, Reports Say by Joe Panettieri • Jan 22, 2020 Intel plans to lay off a modest number of employees as it reorganizes the company’s data center group, The Oregonian reports. A few days later we brought you more exclusive news that DCG was now called DPG and several key people were retiring, and a …

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