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ASUS, NZXT Join List Of Companies Laying Off Employees During Inflation


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EHW Social Media Manager
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The unprecedented shakeup that the semiconductor industry experienced in the wake of the coronavirus crisis is continuing to have its effects on the industry in 2022, at a time when the economic fallout from the Russian invasion of Ukraine is making its mark on both developed and developing countries. Following the pandemic, demand for all kinds of chip products surged as lockdowns forced global populations indoors for their productivity and entertainment needs, which in turn resulted in historic orders for chip manufacturers and sellers.

Now, with the debate about a possible recession in the U.S. raging forward, reports are surfacing that several peripheral chip companies, such as ASUS and NZXT are cutting down their workforces, at a time when firms are dealing with high operating costs and everyday consumers are feeling the bite of inflation on their pockets.

WCCFTECH.COM

Board and accessory makers ASUS and NZXT have joined the list of companies that are laying off employees says analyst.

 

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Ouch, but I think this was an unfortunate inevitability, the pandemic was/is a huge deal economically + Wars tend not to help the situation. I feel bad for the workers that get laid off, it sucks when it happens!

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