“Good-bye” to 12,000 employees, says Intel

12,000 jobs, about 11% of its staff internationally, has announced that it will cut down on the world’s largest company…
construction of a microprocessor “chip”) computer Intel.
The company is moving in a great restructuring costs 1.2 billion dollars, in an effort to reduce its dependence on the continuously declining market for personal computers (PCs).
As he said, intends “to accelerate the development of a company for PCs in a company that powers the “cloud” and the billions of smart interconnected computing devices”.
The cuts in jobs will be made through voluntary departures and redundancies (about 6,000), and will be completed at a depth of up to 12 months. I explained what areas will mainly relate to or in what geographic areas will focus. However, most of the factories of Intel are located in the united states, while its headquarters are in Santa Clara, California.
The announcement led to a further fall in its shares on Wall Street. Already showed a drop of 8.4% from the beginning of 2016. The company had a profit of 2.05 billion dollars in the first quarter of 2016.
The global sales of PCs showed a decrease of 11.5% in the first quarter of this year, according to research firm IDC.