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Main » 2016 » April » 20 » Intel will cut 12,000 jobs worldwide
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Intel will cut 12,000 jobs worldwide
 
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Technology giant Intel will cut 12 of its 000 employees worldwide, or about 11% of the workforce - the company's statement on Tuesday. At the end of last year, Intel has provided the company employs approximately 107,300 employees.

 

 

Intel officials said that most of the staff, which will affect the dismissal will be notified within the next 60 days.Some staff reductions may occur before mid-2017.


Intel has been and will remain the largest manufacturer of computer chips in the world. The company is confident in the stability of the business and its PC microprocessors dominated the computer industry. But the company was not able to repeat the success on mobile devices, which are now replaced the traditional desktop and laptop computers.

 

About 60% of sales and profits, Intel depends on its business on the production of microprocessors and chips, which means that any changes in the PC business have great impact the company's success.


The company said it expects to save $ 750 million this year and $ 1.4 billion by the middle of next year by cutting jobs and associated costs.


At the same time, the company said it plans to invest more in the "developing" areas of business, such as the convertible tablet notebooks, as well as games.

 

The Intel company's shares, according to the report, declined by about 3%. The company reported $ 13.7 billion in sales last quarter, up 7% compared to last year, the whole of her income was $ 2 billion, which is 3% higher compared to last year.


Sales of microprocessors and chips increased by 2% to $ 7.5 billion compared to last year, but decreased by 14% compared with the previous quarter.

 

 

A source 

 
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