Intel plans to cut five percent of its global workforce in 2014, the company said Friday.
The announcement, first reported by Reuters, comes a day after the company released its fourth-quarter earnings report. That report reaffirmed what we all know: PC shipments are in rapid decline.
Earlier this week, Intel announced that it was halting plans to open its $5 billion “Fab 42” chip factory in Chandler, Arizona. Originally, the facility was to be used for all of Intel’s latest and most high-profile chipsets. Instead, the facility will remain vacant and according to the company, “be targeted at future technologies.” Read more…
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Read more : Intel To Cut 5,300 Jobs in 2014
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