By Walter Grand in Economy —

Bank of America predicts further layoffs at Nvidia to relieve the company's payroll

Bank of America predicts further layoffs at Nvidia to relieve the company's payroll
Photo by Christian Wiediger / Unsplash

Earlier last month, the company sharply reduced its revenue expectations for 2022. The main reason: falling product sales. This could be due to a slowdown in demand for PCs worldwide, as Microsoft said in its last quarterly report.

Today's news could trigger a drop in the company's stock. The company's stock has already lost about 20% in 2022.