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Intel Tightens Purse, Halts Hiring for Two Weeks

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Intel has elected to freeze all hiring for its Shopper Computing Group (CCG), answerable for improvement of end-user merchandise focussed on 2-in-1, thin-and-light, business and gaming options. In accordance with a memo seen by Reuters, Intel’s resolution stems from a bundle of cost-cutting measures, and can function a breather for the corporate to re-evaluate its strategic investments contemplating macroeconomic and {industry} developments. Nvidia too just lately introduced a slowdown on its hiring tempo, as corporations tighten their belts so as to higher climate the financial downturn.

In accordance with the memo distributed on Wednesday, all hiring and job requisitions have been positioned on maintain, with the expectation that “at the least some hiring” could possibly be resumed in a two-week timeframe – after the CCG’s priorities have been reviewed. Within the meantime, all job presents already in place earlier than the measure will nonetheless be honored.

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