Intel's Meteor Lake, Sapphire Rapids with HBM2E, Ponte Vecchio Pictured

Intel Tightens Purse, Halts Hiring for Two Weeks

Posted on

Intel has elected to freeze all hiring for its Client Computing Group (CCG), responsible for development of end-user products focussed on 2-in-1, thin-and-light, commercial and gaming solutions. According to a memo seen by Reuters, Intel’s decision stems from a package of cost-cutting measures, and will serve as a breather for the company to re-evaluate its strategic investments considering macroeconomic and industry trends. Nvidia too recently announced a slowdown on its hiring pace, as companies tighten their belts in order to better weather the economic downturn.

According to the memo distributed on Wednesday, all hiring and job requisitions have been placed on hold, with the expectation that “at least some hiring” could be resumed in a two-week time frame – after the CCG’s priorities have been reviewed. In the meantime, all job offers already in place before the measure will still be honored.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *