Apr, 2016 : Intel Recently Announced They will be Downsizing


📅 - Intel, a PC chipmaker has announced a major downsizing they will go through due to the downtrend of PC sales. They will be laying off about 11% of the total number of employees by the middle of next year. This announcement comes after they lost about 5,000 staff members at the beginning of 2014 due to downsizing. The company is expected to save about $750 million from the layoffs and will be restructuring.

Intel was established in 1968 and its' head offices are found in Santa Clara, California. The company creates processing chips for PCs. The downsizing will mean as many as 12,000 people will be laid off and the company will be refocusing on cloud computing and IoT activity.
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