In­tel to Slash Up to 12,000 Jobs World­wide

The Economic Times - - Around The World 10 Monies Around The World -

Hous­ton: In­tel, the world’s largest mi­cro­pro­ces­sor maker, will shed up to 12,000 jobs world­wide in a mas­sive re­struc­tur­ing ef­fort to re­duce its de­pen­dence on the per­sonal com­puter mar­ket which is wit­ness­ing slug­gish growth. The re­struc­tur­ing will elim­i­nate about 11% of the In­tel work­force by mid-2017. In­tel bet heav­ily on the sta­bil­ity of the PC busi­ness years ago, and its mi­cro­pro­ces­sors have dom­i­nated the PC in­dus­try. But the com­pany has failed to repli­cate that suc­cess across mo­bile de­vices that have now re­placed tra­di­tional desktops and lap­tops. PTI

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