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Intel to reduce global workforce by five percent in 2014

18
Jan
2014

By Noel Randewich SAN FRANCISCO (Reuters) – 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 said. The job reductions may include retirements, voluntary programs and other options, Kraeuter said, adding that Intels typical annual attrition worldwide is about 4 percent.

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