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Intel Confirms Major Layoff: 12,000 Worldwide, 11 Percent of Workforce (ieee.org)

Posted by BeauHD on from the when-it-rains-it-pours dept.

Tekla Perry writes: It's all about the cloud and the Internet of Things, says Intel explaining the planned layoffs, which will affect some 12,000 employees. Intel CEO Brian Krzanich promises in an email today to employees, that the "transition" will be handled with the "utmost dignity and respect." According to IEEE Spectrum, "Intel Corp. today announced that it would cut some 12,000 jobs -- that's 11 percent of its total workforce -- by mid-2017, with the majority of those affected getting the bad news within the next two months. In a press release, the company said the 'restructuring initiative' would 'accelerate its evolution from a PC company to one that powers the cloud and the billions of smart, connected computing devices,' and that the company would be increasing its investments in 'data center, IoT memory, and connectivity businesses.'"

5 of 238 comments (clear)

  1. Damn cloud by Anonymous Coward · · Score: 4, Funny

    I never really understood what it is, but I knew it was up to no good.

    We can't say we weren't warned.

    1. Re:Damn cloud by chipschap · · Score: 4, Funny

      Ah, the cloud, yes. I just knew this had to have something to do with global warming.

    2. Re: Damn cloud by Anonymous Coward · · Score: 5, Funny

      I blame AMD. And hip-hop.

    3. Re:Damn cloud by Crashmarik · · Score: 1, Funny

      Everything is about climate change. If you don't think so, that just proves you don't properly understand the topic.

    4. Re:Damn cloud by TheGratefulNet · · Score: 3, Funny

      If "the cloud" meant that costumers pay less, Intel wouldn't be switching to it.

      ah! so that's why my last Intel sales rep's email started out with "trick or treat!". now I get it.

      --

      --
      "It is now safe to switch off your computer."