Intel axes 12,000 jobs as it looks to break away from PCs
Intel is cutting 12,000 jobs worldwide as the company restructures operations to diversify from PCs into growth areas of IoT and servers.The layoffs account for about 11 percent of employees worldwide. Intel is also consolidating work locations worldwide in a move the company hopes will save it US $750 million this year.Data center equipment will be Intel's growth area growing forward, generating a large part of Intel's profits and potentially making up for the declines in the PC market.Growth drivers will include memory and field-programmable gate array (FPGA) technology, which the company added from its recent $16.7 billion acquisition of Altera, CEO Brian Krzanich said.To read this article in full or to leave a comment, please click here
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