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Intel Cutting Up to 12,000 Jobs or 11% of Employees

By: capt_nemo in POPE IV | Recommend this post (1)
Wed, 20 Apr 16 7:17 AM | 72 view(s)
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Shares of Intel fell nearly 3 percent after the bell Tuesday as it announced it would cut 12,000 jobs, or 11 percent of its workforce, by 2017 due to restructuring.

The technology company also said the chief financial officer Stacy Smith would leave that role to lead sales.

The technology company posted first-quarter earnings per share of 54 cents per share.

http://www.bloomberg.com/news/articles/2016-04-19/intel-cuts-12-000-jobs-forecast-misses-as-pc-blight-takes-toll

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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