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　　On October 12, according to CCTV News, citing a number of foreign media reports, Intel Corporation of the United States plans to lay off a large number of employees, which may affect thousands of people, in order to reduce costs and cope with shrinking demand for personal computers.

　　Bloomberg News reported on the 12th that Intel announced layoffs as early as this month, possibly on the same day that it released its third-quarter financial report on the 27th. Intel had 113,700 employees as of July. Some divisions, such as Intel's sales and marketing, could cut about 20 percent of their jobs.

　　Intel's main PC processor business is facing a sharp decline in demand. The company warned in July that its 2022 sales would be about $11 billion lower than previously expected. Wall Street analysts predict that Intel's third-quarter revenue will drop by about 15%.

　　Intel executives said on the second-quarter earnings call of this year that the company acknowledged that changes may be made to improve profit margins. "We are also reducing core spending in 2022 and will be looking to take additional actions in the second half of the year," Intel CEO Pat Gersinger said at the time.

　　Intel's last major layoff was in 2016, affecting about 12,000 jobs, or 11% of its workforce. Like many technology companies, Intel stopped hiring earlier this year due to worsening market conditions.

　　Geelsinger, who took the helm at Intel last year, has been working to revive the company. However, even before PC demand slumped, the job struggled. According to Bloomberg, Intel has lost its long-held technological advantage, and its executives admit that the company's innovation culture has withered in recent years.

　　According to Bloomberg, Intel has been trying to regain its footing by releasing new PC processors and graphics chips. A key part of its strategy is to sell more chips to the data center market.

　　According to a report by The Paper on October 12, data from market research firm IDC showed that personal computer sales in the third quarter fell by 15% compared with the same period last year. Laptops and desktops from equipment makers such as HP and Dell use Intel processors, and sales of these products have all fallen sharply. Companies are under increasing pressure on top and bottom lines.

　　In addition, according to a CCTV News report on August 15, Intel’s second-quarter financial report for fiscal 2022 showed that Intel’s second-quarter revenue fell by 22% compared with the same period last year, with a net loss of $454 million. Intel announced it would slow hiring this year, reduce spending on new factories and equipment, and exit peripheral businesses to preserve cash flow for limited expansion.

　　It is worth mentioning that mainland China is Intel's largest source of net income, bringing in $21.1 billion in revenue for Intel in fiscal 2021, a year-on-year increase of 4.4%.