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
- TSMC 7nm 0V75 / 0V9 ESD Local Clamp – Low Cap
- TSMC 65nm 3V3 ESD Local Clamp – Rad Hard
- TSMC 5nm 1V8, 1.2V and 0.9V ESD Local Protection – Low Cap
- TSMC 3nm 3V3 ESD Local Clamp
- TSMC 3nm 1V2 ESD Local Clamp – Low Capacitance
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
- First Benchmarks Revealed for Jalapeño, OpenAI’s Clean-Sheet General Purpose AI Accelerator ASIC
- MIPS Leads Open Standards Development for Physical AI Platforms as RISC-V International Premier Member
- SEALSQ’s Subsidiary IC'Alps Advances QASIC Roadmap for Sovereign, Quantum-Resistant Application-Specific Integrated Circuits
- NVMe 2.4 Update Adds Post-Quantum Security, Power Controls
- Agentrys Raises $24.5 Million to Build Agentic Design Automation for Chipmakers