April 27, 2016 Comments Off on Intel Job Cuts Begin Views: 400 California, California News, Midwest, New Mexico, Northeast, Oregon, Southeast, Southwest, West

Intel Job Cuts Begin

Santa Clara-based Intel, which is cutting 12,000 jobs by mid-2017, revealed more about the strategic plan it envisions. The world’s largest chip maker’s CEO Brian Krzanich says the goal is to transform “Intel from a PC company to a company that powers the cloud and billions of smart, connected computing devices.”

Cuts to about 11% of its workforce have already begun, including 296 jobs at six facilities at its Santa Clara headquarters, 269 jobs in Folsom, CA, 784 jobs in Oregon, and 215 employees at a Rio Rancho, NM plant.

Intel is long-thought to replace Qualcomm’s chips inside Apple’s iPhones, a rumor that got louder after Qualcomm told analysts last week the company is “assuming” it is losing some orders from a big customer.

Read More at Silicon Beat

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