Intel to slash 12,000 jobs as it moves away from PCs

April 19, 2016 9:26 PM

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Intel Corp. will slash 12,000 jobs, or about 11% of its workforce, to help offset declining PC sales and reposition the giant chipmaker as a firm focused on cloud computing and smart devices, the company said Tuesday.

“We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices,” Intel Chief Executive Brian Krzanich said in a statement.

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