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Intel To Cut Up To 12,000 Jobs As Pc Industry Swoons


Ron Burgundy
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File photo of a worker arranging Intel logo at CeBIT trade fair in HannoverIntel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found. Tech companies including the former Hewlett Packard Co and Microsoft Corp have reorganized in the face of the PC industry decline. Intel, the world's largest chipmaker, lowered its revenue forecast for the year.




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