Quantcast


Last updated: January 17. 2014 6:35PM - 433 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Intel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips.


The Santa Clara, Calif., company confirmed the job cuts Friday, the day after Intel Corp. reported its profit and revenue had fallen for the second consecutive year.


The purge represents about 5 percent of the nearly 108,000 jobs that Intel had on its payroll at the end of December. An Intel spokesman says the company intends to jettison the jobs without laying off workers.


Intel's financial performance has been slumping because the company didn't adapt quickly enough as the growing popularity of smartphones and tablet computers undercut sales of PCs running on its chips. Most mobile devices don't run on Intel's processors.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com