Intel is hitting headlines as it plans to cut 11% of its workforce globally. About 12000 employees will be part of this cut as Intel gears up for a major restructuring of its operations. Intel which emerged leader with its PC business and processors is now working towards the “3rd wave of Smart Computing”, shifting its focus to smart devices.
Summarising Intel’s plan, the company plans to propel its IoT Division along with data centers and smart internet based applications. The restructuring will see a lot of funds flow to new product designs and technology that will accelerate its revenue in the future to come.
Read more about Intel’s planned layoff .