Notebookcheck
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Intel to lay off 11 percent of its employees

Intel announces massive layoff
Intel HQ, Robert Noyce building
Unfortunately, this is not a rumor - the chip maker confirmed its plans to cut 12,000 jobs "by mid-2017."
Codrut Nistor,
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Although Intel chips power an incredible amount of devices from all categories of products, including tablets, smartphones, desktop computers, IoT devices, and more, the future is not as bright as it might seem at first sight. Yesterday, Intel revealed in an official press release "a restructuring initiative to accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Although the initiative mentioned above does not sound like a necessity to size down the tech giant is implied, the press release highlights that 12,000 jobs will be cut "by mid-2017 through site consolidations worldwide, a combination of voluntary and involuntary departures, and a re-evaluation of programs." Details regarding these layoffs will be revealed to affected employees in the following two months, although some might get the bad news next year as well.

Thanks to these measures, Intel plans to save $750 million this year, as well as to achieve a $1.4 billion annual run rate by mid-2017. For more details, please check the press release below.

+ Show Press Release
Read all 1 comments / answer
static version load dynamic
Loading Comments
Comment on this article
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 
Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5411 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 04 > Intel to lay off 11 percent of its employees
Codrut Nistor, 2016-04-20 (Update: 2016-04-20)