Intel said Friday it will cut about 5,000 jobs from its work force of 107,000. The world’s biggest chip maker made the announcement a day after it reported earnings that missed analyst targets. Brian Krzanich, chief executive of Intel, said that the company expects flat sales of its chips due to the decline of the PC industry as smartphones and tablets supplant computers with many consumers.
Intel plans to cut about 5 percent of its global workforce, the company said in a statement Friday. That comes to roughly 5,000 out of a total workforce of 107,000, Reuters said. “Intel will be aligning resources to meet the needs of the business this year. This will include targeted workforce reduction in addition to realignment of resources,” Intel said in a statement provided to CNET. The statement continued. “While we expect that employment will come down by approximately 5 percent this year, we are not announcing a layoff. When we talk about reduction of the workforce there are a number of things that can happen. It could include redeployments, voluntary programs, retirements, and through attrition.”
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Of particular relevance and significance, this is in the article published by Andrew Lanxon. With the increased efforts to incorporate…
I don't know about you guys but I'm definitely looking forward to having my Amazon orders delivered to my doorstep via…
If you thought Apple Pay was convenient, you should check out the UP4. Whereas Apple's mobile payments service required you…
Cyanogen made headlines a few weeks back by announcing its intention to wrestle control of Android away from Google, a…
