Intel announces 12,000 job cuts in global restructuring initiative
by Jana Kasperkevic in New York from Technology | The Guardian on (#1B38N)
- Technology company will cut 11% of its staff by mid-2017
- Staff reduction comes as firm misses first-quarter expectations
Intel will cut up to 12,000 jobs globally by mid-2017, the company announced on Tuesday, equivalent to about 11% of the company's staff.
Employees found out about the initiative when they received an email from the company's chief executive, Brian Krzanich.