On the morning of June 9, Beijing time, it was reported that an internal memo showed that Intel's desktop and notebook computer chip departments had frozen recruitment to reduce costs According to the memo released on Wednesday, Intel's client computing group will "suspend all recruitment and suspend all job applications"
According to the memo, some recruitment may be restarted as soon as two weeks, but it needs to wait until the Department reassesses the key issues, and all job opportunities in the system will still be promoted normally.
"We believe that the entire semiconductor industry is at the beginning of a long-term growth cycle, and we have also formulated the right strategy." Intel said in the statement, "paying more attention to and paying more attention to expenditure can help us adapt to macroeconomic uncertainty, and also help us implement our strategy and meet our commitments to customers, shareholders and employees."
Intel's share price fell by nearly 28% in the past year. The company also told its employees to accept lower gross profit margin than before because they had to invest heavily to catch up with competitors such as TSMC. TSMC's current production technology has surpassed that of Intel.
In terms of sales volume, the client computing group is Intel's largest department, contributing $9.3 billion to its revenue of $18.4 billion in the latest quarter. Intel was once the leading enterprise in the desktop and notebook computer chip industry, but now it is facing fierce competition from AMD, and in Apple We also lost this important customer after we developed the chip.
The memo sent on Wednesday also described other cost cutting measures, such as immediately canceling some of the group's travel plans, restricting participation in industry conferences, and holding departmental meetings in a virtualized manner as much as possible.