Intel is Reportedly Cutting Thousands of Jobs This Year

Category: Manufacturers
Posted: April 18, 2016 05:09AM
Author: gebraset

According to multiple sources within the company that are familiar with its plans, Intel is looking to cut thousands of jobs throughout this year in an effort to reorganize its business objectives and maintain its healthy profit margins. While the job cuts have not been officially announced within the company or even publicly disclosed, those familiar with the matter note that the reduction in employment at Intel will decrease numbers in some parts of the business by double digits. Additionally, the next round of job cuts at Intel is expected to be larger than the layoffs that occurred last year in which more than 1,100 jobs were eliminated. The reduction in Intel's workforce is supposedly due to the shifting business market as more consumers purchase mobile devices and prolong upgrading their current personal computers. The company is also facing increased costs that are associated with manufacturing more complex and smaller chip designs.

With the recent change in top-level executives at Intel, and the refocus the company is taking on longterm growth, the thousands of job cuts that are expected throughout this year seem rather unsurprising.

Source: Oregon Live