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,

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
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)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.