Intel to reduce global workforce by 5% in 2014
SAN FRANCISCO (REUTERS) - Intel Corp plans to reduce its global workforce of 107,000 by about 5 per cent this year as the chipmaker, struggling with falling personal computer (PC) sales, shifts focus to faster-growing areas, a company spokesman said on Friday.
The announcement, equivalent to over 5,000 positions, comes a day after Intel posted a fourth-quarter earnings report that did little to dispel concerns about a slowing PC industry.
"This is part of aligning our human resources to meet business needs," spokesman Chris Kraeuter told Reuters on Friday.
The job reductions may include early retirement, attrition and other options, Mr Kraeuter added. He declined to say whether details of the changes had been announced internally.