TechHive: Intel to reduce its workforce by 5 percent this year

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Intel to reduce its workforce by 5 percent this year Jan 19th 2014, 18:10, by Marc Ferranti Intel expects that its workforce will decline by 5 percent as it heads into a year in which revenue is likely to be flat. Intel announced its expectations for a decline in its workforce in the wake of its fourth quarter earnings report. The world's largest chip maker said Thursday that it saw signs that the PC market is stabilizing, and announced that fourth quarter profit was up 6 percent year over year, to $2.6 billion, while revenue increased 3 percent to $13.8 billion. The company said it had higher PC Client Group revenue, but that sales were hurt by slower growth in the Data Center Group. The slump in the PC market was a drag on the company last year. Annual revenue declined 1 percent to $52.7 billion, while net income dropped 13 percent to $9.6 billion. To read this article in full or to leave a comment, please click here Media files: intel_logo_hq-100058625-small.jpg

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