Intel Cuts 12,000, 11% of Staff
CFO Smith to take on broader role
4/19/2016 05:12 PM EDT
SAN JOSE, Calif. – Good night to the PC as an icon and driver of the semiconductor industry. Intel Corp., its head cheerleader and advocate officially cut it loose today announcing a cut of 12,000 employees, 11% of its staff amid a sequential decline in quarterly revenues and profits.
It’s a decision that’s been brewing for years. Intel CEO Brian Krzanich was brought in to shake things up when the PC decline was among issues dragging down his forerunner, Paul Otellini.
Krzanich brought in his own right–hand disrupter late last year, the man who ran the smartphone chip set business at archrival Qualcomm. Two weeks ago, Venkata "Murthy" Renduchintala signaled today’s big layoffs when Intel announced his closest reports were leaving the company.
To read the full article, click here
Related Semiconductor IP
- eUSB2V2.0 Controller + PHY IP
- I/O Library with LVDS in SkyWater 90nm
- 50G PON LDPC Encoder/Decoder
- UALink Controller
- RISC-V Debug & Trace IP
Related News
- Cadence's Tality subsidiary cuts 200 jobs, closes design centers
- Toshiba cuts capacitor from DRAM cell design
- Chameleon cuts staff, plans to improve processor
- Downturn cuts inSilicon's sales, results in loss
Latest News
- Nuclei Announces Strategic Global Expansion to Accelerate RISC-V Adoption in 2026
- Semidynamics Unveils 3nm AI Inference Silicon and Full-Stack Systems
- Andes Technology Launches RISC-V Now! — A Global Conference Series Focused on Commercial, Production-Scale RISC-V
- Rambus Reports Fourth Quarter and Fiscal Year 2025 Financial Results
- IntoPIX And Cobalt Digital Enable Scalable, Low-Latency IPMX Video With JPEG XS TDC At ISE 2026