San Francisco US chip giant Intel said Friday it will trim its workforce
by five percent this year as it shifts from personal computers to
powering mobile gadgets. Word of the job cuts came a day after Intel
reported that its net profit last year sank 13 percent but that the
troubled personal computer market appeared to be stabilizing. Intel
shares remained around the closing price of $25.85 in after-market
trades.
"We do expect employment to come down by about five percent by the end of the year", Intel spokesman Chris Kraeuter told AFP. It is something we regularly do to make sure that the people we have match up with our priorities. Kraeuter said California-based Intel ended last year with 107,600 workers. He declined to disclose which positions or locations would be targeted for cuts.
Read more: Slumping Intel to cut over 5,000 jobs; Business News
"We do expect employment to come down by about five percent by the end of the year", Intel spokesman Chris Kraeuter told AFP. It is something we regularly do to make sure that the people we have match up with our priorities. Kraeuter said California-based Intel ended last year with 107,600 workers. He declined to disclose which positions or locations would be targeted for cuts.
Read more: Slumping Intel to cut over 5,000 jobs; Business News
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