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Intel to cut 12,000 jobs globally

03 May Intel to cut 12,000 jobs globally

11 percent of workforce to go in IoT, data centre refocus. Chipmaker Intel will cut 12,000 jobs globally, or 11 percent of its workforce, as it restructures away from its traditional business of selling chips used in personal computers.

The company said the refocus would allow it to evolve from a PC company to one that “powers the cloud and billions of smart, connected computing devices”.

“These actions drive long-term change to further establish Intel as the leader for the smart, connected world,” CEO Brian Krzanich said in a statement.

Intel plans to increase investment in its data centre, IoT, memory and connectivity businesses.

Read more: http://www.itnews.com.au/news/intel-to-cut-12000-jobs-globally-418366#ixzz46Nf51Gt9

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