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Intel announces it’s slashing its workforce by 11 percent.

TechCrunch TechCrunch 19/04/2016 Ron Miller

Intel just announced it was slashing its workforce by 11 percent calling it in all its corporate press speak glory a restructuring to accelerate its transformation. Sure.

What it means is that Intel in real human terms is that 12,000 people will be losing their jobs worldwide and that  is never a good thing to hear.

The fact is that Intel is a desktop computer chip maker at a time when desktop computers aren’t doing very well, and as PC sales dropped something had to give.

More to come. Developing story.

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