Home › News ›

Intel to Trim 12,000 Employees and Refocus Chip Biz

Article Comments

Apr 19, 2016, 3:43 PM by Eric M. Zeman

Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources. The global PC market, long Intel's bread and butter, has seen shipments decline for seven subsequent quarters, according to Gartner. In order to make the company more efficient, Intel will cut about 12,000 jobs, or 11% of its workforce, by the middle of 2017. Intel said it will do this by closing sites, as well as pushing voluntary and involuntary departures across its workforce. Intel plans to notify as many affected employees as possible within the next 60 days. "These actions drive long-term change to further establish Intel as the leader for the smart, connected world," said Intel CEO Brian Krzanich in an email sent to employees. "I am confident that we’ll emerge as a more productive company with broader reach and sharper execution." Intel believes these actions will result in $750 million in savings this year and $1.4 billion in savings annually in 2017 and beyond. Intel has struggled to compete in the mobile device space, which is dominated by Qualcomm, MediaTek, and others.

Related

Apple Announces iOS 15

Jun 7, 2021
Apple today announced iOS 15, the next version of its core software that powers iPhones. Version 15 is not a major overhaul, but does add a long list of new features.

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Qualcomm Taps Iridium for Satellite Connectivity

Jan 5, 2023
Qualcomm has revealed Snapdragon Satellite , the company's solution for connecting Android phones directly to satellites for truly global coverage. The feature uses the Iridium network, a satellite constellation that has has been in operation for 25 years.

Android Gains Smarter Auto-Rotate and Long Screenshots

Jul 14, 2021
Google has released Android 12 Beta 3, which includes two major new features. The first is an enhanced auto-rotate feature that uses the front camera and face detection to orient the screen correctly while the user is lying down.

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1