Intel this week announced that it would slash 12,000 jobs as part of a restructuring plan to focus more on cloud-based computing and the Internet of Things and less on PCs. The cuts, which will involve about 11 percent of Intel’s global workforce by mid-2017, will be achieved through a combination of voluntary retirements and layoffs, the consolidation of numerous job sites, and a re-evaluation of existing and planned programs. The move will result in $750 million in savings by the end of 2016, Intel said.
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