the restructuring will involve a reduction of about 11 percent of its workforce by mid-2017 and aims to “accelerate the evolution from a PC company to one that strengthens the cloud and billions of devices intelligent computing and connected, “he said the Californian group said in a statement.
Intel made the announcement while reported a modest increase of 3 percent in its first-quarter profit to 2 billion dollars, with a volume business up 7 percent to 13 billion 700 million dollars.
“Our first quarter results reflect the current strategic transformation of Intel, which is progressing and will accelerate in 2016,” said his boss executive, Brian Krzanich.
Intel increase its investments in key growth areas, including the range of appliances connected to smart homes and others, known as “Internet stuff” as well as data centers and management digital memory.
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