The PC giant and driver of the semiconductor industry Intel Corporation has recently decided to layoff 11% of its staff and has cut 12,000 jobs owing to its sequential decline in quarterly revenues and profits. The layoff would take place by mid of 2017 worldwide.
Intel is dominating data center market with its Xeon chips and also capturing the embedded market. The company is evolving from a PC company to one that powers cloud and billions of smart, connected computing devices. But, the company is still facing a large offset in decline in PC market segment. Read more how the numbers explain the job-cuts, what are the reasons for the layoff, when and how will they take place, reorganization of the company, how it will benefit the firm, the new leadership and the future plans of the company.