Intel becomes latest tech company to freeze recruitment
The chipmaker is also introducing other cost-cutting measures, like limiting its employees from participating in industry conferences


Intel has become the latest major technology company to introduce a hiring freeze, following similar actions by Microsoft and Nvidia.
The chipmaker has reportedly frozen hiring in the division responsible for PC desktop and laptop chips as part of a cost-cutting measure, according to a memo seen by Reuters.
The company is pausing all hiring and placing all job requisitions on hold in its client computing group, according to a memo sent on Wednesday. It added that some hiring could begin again in around two weeks time after the division re-evaluates its priorities. The company has committed to honouring all existing job offers.
Other cost-cutting measures were also outlined, including limiting participation in industry conferences, cancelling some travel for the group immediately, and instructions to hold group meetings virtually when possible.
"We believe we are at the beginning of a long-term growth cycle across the semiconductor industry and we have the right strategy in place," Intel told Reuters in a statement. "Increased focus and prioritisation in our spending will help us weather macroeconomic uncertainty, execute on our strategy and meet our commitments to customers, shareholders, and employees."
Intel’s client computing group is its largest by sales, producing $9.3 billion of its $18.4 billion in revenue during its most recent quarter.
Which technology companies have paused their hiring?
RELATED RESOURCE
Organisations accelerating their digital workplace achieve improvements
See the biggest return on device investments
A number of technology companies have started to slow down their recruitment. Nvidia reportedly enacted a hiring pause in mid-May as a way to deal with the rising threat of inflation. It also told hiring managers that it’s implementing the pause to help it onboard the thousands of new hires it recently made. The company added that it’s slowing its hiring to integrate these new employees and to focus its budget on taking care of existing employees as inflation persists.
Get the ITPro daily newsletter
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
Just over a week later, Microsoft also reportedly told staff to be more cautious about recruitment, in an attempt to slow its hiring during a global market downturn. A company executive vice president told staff they would need to request permission before opening any new job roles.
The tech industry has experienced poor market performance for the first half of 2022, which has been compounded by high inflation more broadly. Combined with the prospect of growing interest rates and the war in Ukraine, some investors have turned towards other sectors like energy, utilities, or financial services, which appear to be better protected from economic threats.
Smaller tech firms have also made changes to their hiring practices. Swedish payment giant Klarna announced it’s laying off 10% of its workforce, UK startup Hopin also revealed it was making 12% of its staff redundant in February, while the Estonian fintech Bolt said it was cutting 100 jobs.
Zach Marzouk is a former ITPro, CloudPro, and ChannelPro staff writer, covering topics like security, privacy, worker rights, and startups, primarily in the Asia Pacific and the US regions. Zach joined ITPro in 2017 where he was introduced to the world of B2B technology as a junior staff writer, before he returned to Argentina in 2018, working in communications and as a copywriter. In 2021, he made his way back to ITPro as a staff writer during the pandemic, before joining the world of freelance in 2022.
-
Intel layoffs confirmed as CEO eyes 'sustainable growth'
Intel’s new CEO Lip-Bu Tan has confirmed the company will be cutting its headcount in response to sluggish revenue.
By Jane McCallion
-
Everything you need to know about Lip-Bu Tan, Intel’s new CEO
News Intel has announced its next CEO in the wake of Pat Gelsinger's retirement, naming former board member Lip-Bu Tan as its new leader months after he quit.
By Nicole Kobie
-
Intel CEO Pat Gelsinger announces retirement
News Gelsinger’s departure comes amid a tumultuous period at Intel
By Ross Kelly
-
AMD to cut around 1,000 staff to focus on "growth opportunities"
News The AMD layoffs come after rival Intel cut staff on the back of flagging AI returns
By George Fitzmaurice
-
Meta layoffs hit staff at WhatsApp, Instagram, and Reality Labs divisions
News The 'year of efficiency' for Mark Zuckerberg continues as Meta layoffs affect staff in key business units
By Ross Kelly
-
The power and the pain: Looking forward so you’re not held back
Avoiding server modernization may seem like a cost-saving strategy, but the hidden risks of downtime, security breaches, and operational inefficiencies can quickly become far more costly…
By ITPro
-
Modernization: Nothing to fear except failing to future-proof
As businesses face mounting pressure to innovate while maintaining daily operations on tight budgets, modernization has become a necessity, not a luxury
By ITPro
-
Everything you need to know about Intel
In-depth An essential guide to Intel, a trailblazer in microprocessor innovation and a foundational force behind the evolution of modern computing and the personal computer industry
By Rene Millman