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April 19, 2016 08:12 pm GMT

Intel announces its slashing 12,000 jobs

Intel booth at a conference.Intel just announced it was slashing its workforce by 11 percent, calling it in all its corporate press-speak glory “a restructuring to accelerate its transformation.” Sure. What it means in real human terms is that 12,000 people will be losing their jobs worldwide, and that is never a good thing to hear. “These are not changes we take lightly,” Intel CEO Brian… Read More

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