Intel Slashing 5% Of Its Workforce This Year
Intel announced that it’s cutting 5% of its workforce, which is more than 5,000 jobs. The casualties are coming as Intel realigns some of its business segments, moving more resources to focus on data center tech (which is a big cash cow for the company), more low-power processors, and tablets.
Intel CEO Brian Krzanich
Intel recently cancelled a huge $7 billion fab construction project in Chandler, Arizona, so its not like the chipmaker is simply burning off human resources to balance its bottom line, but it’s still a shame to see good people in the industry their jobs.
We sincerely hope all those folks quickly find great gigs elsewhere.