Intel Jobs Cut

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua

Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation.

Intel is said to plan several job cuts across the company, according to a report. The layoffs are planned in the face of a drop in personal computer sales, and will reportedly be announced as early as this month. Some divisions could see layoffs affect 20 percent of staff, and Intel had 113,700 employees as of July, as per a report by Bloomberg.

Intel is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market.

"Many people argue that with the advent of Artificial Intelligence, our people will lose jobs. No. I do not believe we will lose jobs, we will create different kind of jobs."

So far this year, technology companies in the United States have shed about 63,000 jobs.

Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.

Intel said its move aims to "accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Most of Intel's factories are in the United States, although it did not identify where cuts would be focused geographically.

Intel Corp on Tuesday said it would cut up to 12,000 jobs globally, or 11 per cent of its workforce, as it refocuses its business towards making microchips that power data centres and Internet connected devices and away from the declining personal computer industry it helped found.

After announcing the departure of two executives last week, Intel was reportedly preparing to cut thousands of jobs across its business units.

Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan.

The job cuts at the world's largest chipmaker this year will be considerably larger than the more than 1,100 US jobs eliminated last year, Oregonlive said.

Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 per cent of its workforce, this year. Job cuts of major technology companies.

Last week, Intel announced it had hired senior Staples executive Steven Fund as its new chief marketing officer.

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua

Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation.

Intel is said to plan several job cuts across the company, according to a report. The layoffs are planned in the face of a drop in personal computer sales, and will reportedly be announced as early as this month. Some divisions could see layoffs affect 20 percent of staff, and Intel had 113,700 employees as of July, as per a report by Bloomberg.

Intel is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market.

"Many people argue that with the advent of Artificial Intelligence, our people will lose jobs. No. I do not believe we will lose jobs, we will create different kind of jobs."

So far this year, technology companies in the United States have shed about 63,000 jobs.

Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.

Intel said its move aims to "accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Most of Intel's factories are in the United States, although it did not identify where cuts would be focused geographically.

Intel Corp on Tuesday said it would cut up to 12,000 jobs globally, or 11 per cent of its workforce, as it refocuses its business towards making microchips that power data centres and Internet connected devices and away from the declining personal computer industry it helped found.

After announcing the departure of two executives last week, Intel was reportedly preparing to cut thousands of jobs across its business units.

Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan.

The job cuts at the world's largest chipmaker this year will be considerably larger than the more than 1,100 US jobs eliminated last year, Oregonlive said.

Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 per cent of its workforce, this year. Job cuts of major technology companies.

Last week, Intel announced it had hired senior Staples executive Steven Fund as its new chief marketing officer.