Intel announces huge layoffs, affecting 11% of total workforce

Himanshu, 20 April, 2016

Massive job cuts are coming at Intel. The world's largest PC chip-maker has announced that it will lay off nearly 12,000 employees globally, which translates into around 11% of the California-based company's total workforce.

The firm - which had a total of about 107,300 employees at the end of last year - said that majority of those on the layoff list will be notified within the next couple of months, while noting that the job cut process may take almost a year to complete.

Intel expects this restructuring will help the company save a total of $750 million in 2016, with the figure nearing $1.5 billion by the middle of next year. Moving forward, the chip-maker said it will focus more on "growing" areas including convertibles, IoT, and gaming.

Via

Intel

Reader comments

Anonymous
23 Apr 2016
UD{

instead of laying off thousands of employees why don't u adjust the salary of big bosses who are incompetent.

AnonD-375420
20 Apr 2016
LaA

this has to do with tick-tock phase out

Akinaro
20 Apr 2016
pGV

Well, they produce now smaller chips, so they need fire bigger umpa-lumpa's But to be honest, I hope they fire people that work with their software department, especially those who work with drivers, because just like in sony company, those peop...