intel to cut 12000 jobs from global operations
Sunday 20 July 2025
Last Updated : GMT 09:40:38
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Intel to cut 12,000 jobs from Global operations

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleIntel to cut 12,000 jobs from Global operations

Intel to cut 12,000 jobs from Global operations
Washington - QNA

US tech giant, Intel, is shedding 12,000 jobs as it seeks to cut reliance on the declining personal computer market. The maker of computer chips will take a $1.2 billion charge to cover restructuring costs. 

    The job cuts, about 11% of Intel's workforce, will be made over the next 12 months, Intel said in a statement. Intel said it wants to "accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices". 

    The company also said on Tuesday chief financial officer Stacy Smith would move to a new role leading sales, manufacturing and operations. Intel said it would begin a formal search process for a successor. 

    Shares in the company were down 2.5% in after-hours trading on Wall Street. Intel's stock price had already fallen 8.4% this year. 'The California-based company has been focusing on its higher-margin data centre business as it looks to reduce its dependence on the slowing PC market. 

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intel to cut 12000 jobs from global operations intel to cut 12000 jobs from global operations

 



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