Intel To Cut About 5000 Jobs Company Wide

From reuters “Intel to reduce global workforce by five percent in 2014

Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer 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, Kraeuter added. He declined to say whether details of the changes had been announced internally.

I predict more layoffs and not just in New Mexico and it sounds like they will be in the first quarter of 2014.

In its report on Thursday, Intel forecast March-quarter restructuring charges of $200 million, a portion of which could be earmarked for severance pay.

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