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
- MIL-STD-1553 Controller IP
- UFS 5.x Device IP
- UCIe 3.x Controller IP
- Ethernet 800G PCS IP
- CHI to UCIe Bridge 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
- StarFive and LECARC Forge Partnership to Co-Develop RISC-V Server CPUs and Seize New Opportunities in the Agentic AI Era
- ASICLAND Selected as SK hynix’s Partner for Next-Gen eSSD Development, Establishing a ‘K-Semiconductor Win-Win’ Model
- onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI
- EdgeAI Licensed Andes Technology CPU IP to Power Next-Generation Edge AI Neuromorphic Solution
- Jim Keller: ‘AI Still Obeys the Old Laws of Compute’