Post by Logan on Apr 20, 2016 5:03:43 GMT -6
Intel, cutting 12,000 jobs, tries to bend the company without breaking it
Intel has been leaning on PCs for years, watching ruefully as smartphones, tablets and other new technologies sprang up – all without Intel chips. On Tuesday, Intel declared it's letting go of the past in hopes of a brighter future in data centers, wearable computers and other emerging gadgets.
"We are evolving from a PC company to a company that powers the cloud and billions of smart, connected computing devices," chief executive Brian Krzanich declared.
That evolution will test just how far Intel can bend.
Intel's restructuring will be accompanied by the biggest single round of job cuts in its history. It announced Tuesday plans to eliminate 12,000 jobs, 11 percent of its total work force, as it recalibrates following another quarter of disappointing PC sales.
Intel is Oregon's largest private employer, with 19,500 working at campuses in Washington County. The company gave no immediate indication of how the layoffs will be distributed; if applied evenly across the business worldwide, they would eliminate 2,150 Oregon jobs.
Read more: www.oregonlive.com/silicon-forest/index.ssf/2016/04/intel_quarterly_results.html
Intel has been leaning on PCs for years, watching ruefully as smartphones, tablets and other new technologies sprang up – all without Intel chips. On Tuesday, Intel declared it's letting go of the past in hopes of a brighter future in data centers, wearable computers and other emerging gadgets.
"We are evolving from a PC company to a company that powers the cloud and billions of smart, connected computing devices," chief executive Brian Krzanich declared.
That evolution will test just how far Intel can bend.
Intel's restructuring will be accompanied by the biggest single round of job cuts in its history. It announced Tuesday plans to eliminate 12,000 jobs, 11 percent of its total work force, as it recalibrates following another quarter of disappointing PC sales.
Intel is Oregon's largest private employer, with 19,500 working at campuses in Washington County. The company gave no immediate indication of how the layoffs will be distributed; if applied evenly across the business worldwide, they would eliminate 2,150 Oregon jobs.
Read more: www.oregonlive.com/silicon-forest/index.ssf/2016/04/intel_quarterly_results.html