By John Glenday

Chip manufacturer Intel has announced that it is to slash its global workforce by 12,000 as part of moves to reduce its dependency on a PC market, which saw shipments fall by 11.5 per cent in the first quarter.

Representing around 11 per cent of its total workforce, the restructuring is set to cost the technology giant $1.2bn over the coming year.

At the end of this process Intel hopes to have reshaped itself into a leaner entity as it seeks to transition from ‘…a PC company to one that powers the cloud and billions of smart, connected computing devices.’

Analysts weren’t surprised Read full story ›

Source: The Drum