Intel launches mass layoffs – 12’000 can get going – evertiq.se

Intel will launch a new restructuring initiative designed to accelerate the transition from a PC company to one that drives the cloud and smart connected world – a restructuring that will result in up to 12’000 may leave the company.

in a press release, Intel said that the company will intensify its focus on growth areas where it is positioned for long-term customer benefits and growth. Areas mentioned is the data center and the Internet of Things (IoT) – which is also Intel’s primary growth engine, with memories and FPGAs accelerate the growth of the company. These growth units delivered $ 2.2 billion in revenue growth last year, which largely offset the decline in the PC market.

The new restructuring initiative – which will result in a reduction of about 11 percent of the company’s workforce – presented by e-mail from Intel CEO Brian Krzanich to employees.

Intel plans to increase investment in the products and technologies that support revenue growth, and invest in more profitable mobile and PC bets. The company also plans to increase investment in the segments: Data Centers, IoT, as well as 2-in-1s, games and home gateways.

However, as these changes will result in a reduction of up to 12’000 positions globally – about 11 percent of the employees – before the middle of 2017. This will be done partly through business combinations, a combination of voluntary and involuntary departures, and revaluations of ongoing programs.