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 will be cutting about 5,000 jobs from its work force
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