Printed from http://www.electronista.com

Report: Intel firing five percent of workforce in refocusing effort

updated 04:20 pm EST, Fri January 17, 2014

Unclear what amount of the expected losses will come from attrition

Following Intel's no-growth financial result posting yesterday, Intel is planning on cutting about five percent of its worldwide workforce in an effort to prioritize growth sectors and reduce costs. On its quarterly investor conference call, Chief Financial Officer Stacy Rasgon hinted at an employee reduction this year and said that Intel would increase focus in areas such as mobile chips and tablets.

"This is part of aligning our human resources to meet business needs," Intel spokesman Chris Kraeuter told Reuters on Friday. Intel's business has suffered at the hands of the migration to mobile, and the advent of the modern tablet, heralded by Apple's iPad.

Intel currently has approximately 107,000 employees worldwide. Some of the five percent cut will come from normal attrition, but some employees will still need to be cut to make the company's layoff target.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News