Home › Intel to cut 12,000 jobs, lowers FY sales outlook
 

Keywords :   


Intel to cut 12,000 jobs, lowers FY sales outlook

2016-04-20 09:19:00| Telecompaper Headlines

(Telecompaper) Intel has announced a major restructuring initiative with the reduction of 11 percent of its workforce. It also said it was moving its CFO to a new role and posted first-quarter revenues up 7 percent from the year before. Intel said the restructuring will accelerate its transformation from a PC company into one that powers the cloud and billions of smart, connected computing devices. To achieve this, the company will cut 12,000 positions worldwide by mid-2017.

Tags: jobs sales cut intel

Category:Telecommunications

Latest from this category

All news
»
06.10Hurricane Milton Potential Storm Surge Flooding Map
06.10Hurricane Milton Probabilistic Storm Surge Graphics
06.10Hurricane Milton Graphics
06.10Hurricane Milton Forecast Discussion Number 6
06.10Hurricane Milton Wind Speed Probabilities Number 6
06.10Hurricane Milton Public Advisory Number 6
06.10Summary for Hurricane Milton (AT4/AL142024)
06.10Hurricane Kirk Graphics
More »