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Intel Plans to Reduce Staff in the Coming Year

Category: General News
Posted: 08:55AM

Intel is the latest company to announce that it plans to reduce its number of employees as a method of cutting costs, with "about 5 per cent" of the company expected to be hit. The announcement comes after a year in which total earnings were down around 1%, totaling $52.7 billion. Senior manager of corporate and financial public relations Chris Kraeuter added some clarification stating, "When we talk about reduction of the workforce there are a number of things that can happen. It could include redeployments, voluntary programs, retirements, and through attrition. All are options so it would be wrong to conclude this is a layoff."

Source: The Register

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