Intel Cutting 12,000 Jobs, 11 Percent of Workforce

April 19, 2016 8:52 PM

31 0

Shares of Intel fell nearly 3 percent after the bell Tuesday as it announced it would cut 12,000 jobs, or 11 percent of its workforce, by 2017 due to restructuring.

The technology company also said the chief financial officer Stacy Smith would leave that role to lead sales.

Also read: Brazil's Agriculture minister says meat industry may lose 10 percent market share

Read more

To category page

Loading...