Intel’s Q1 2016 financial earnings report was paired with a major announcement of worldwide layoffs that will thin its global employment numbers by “up to 12,000” staffers.
The Tuesday announcement clarified that the staffing cuts will affect approximately 11 percent of Intel’s global workforce and that the layoffs were meant to “accelerate [Intel’s] evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices.” A “majority” of affected employees will learn about their status within 60 days, while other staffers will have to wait until 2017.
