Slumping Intel To Cut More Than 5,000 Jobs In 2014

[Purveyor]

SAN FRANCISCO: 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-based 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 per cent of the roughly 108,000 jobs that Intel had on its payroll at the end of December. The company intends to jettison the jobs without laying off workers, said Intel spokesman Bill Calder. The reductions instead will be achieved through attrition, buyouts and early retirement offers.

The company didn't estimate how much money it hopes to save by eliminating jobs. But Intel needs pare its expenses if it hopes to end a two-year slump that has seen its ear ..

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[legcramp]

1. Just from personal exprience

My wife and I have acquired 4 new devices in the last year or so. 2 tablets and a new handheld each. They all have processors from Qualcomm or Nividia and not Intel.

We are also delaying any upgrade in "traditional" PC platforms because we just don't have any need to at this time. *my laptop sits in the corner and begs for attention*

Small sample size I know and it certainly wasn't a conscious decision but that is 4 fewer Intel products purchased.