Intel could be cutting jobs this month

There may be Intel job cuts across the globe throughout June, according to reports.

The Oregonian newspaper claims to have obtained an internal memo from Intel, which indicates that the company will be making the cuts from June 15th as it looks to keep its expenses flat to match its reduced revenue outlook for 2015.

In April, Intel revealed that it plans to cut its research and administrative budget by $300 million this year.

The memo doesn’t state how many people will their jobs, but the memo states: "We need to reduce overall spending for the second half of the year. Some of this will come from reductions in employment and some from other spending cuts. Employee reductions will vary by business group."

Image source: Shutterstock

Enjoying this content? Sign up for free today to receive the latest opinions, interviews, resources and news from the tech channel directly to your inbox.

Check Also

OnBuy launches biggest Black Friday sale yet – over £50 million in savings for one day only

OnBuy has discounted more than £50 million in prices in an exclusive one-day sale event …