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Intel will lay off 11% of its global workforce, up to 12,000 employees, as part of a restructuring initiative, the company said Tuesday.
The Santa Clara, Calif.-based chip maker said the restructuring would accelerate its evolution from a PC company to one focused on cloud computing and connected devices.
In an email to employees, CEO Brian Krzanich said that after the restructuring "I am confident that we’ll emerge as a more productive company with broader reach and sharper execution." |
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