Intel Cutting 12,000 Jobs in Cloud-Focused 'Restructuring'

April 19, 2016 8:52 PM

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Intel Cutting 12,000 Jobs in Cloud-Focused 'Restructuring'

The reductions will affect approximately 11 percent of Intel employees worldwide.

Intel is cutting 12,000 jobs as part of a "restructuring initiative" aimed at speeding its transition "from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Also read: Union Pacific to layoff 750 U.S. employees amid broader cost-cutting

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