Intel to cut jobs globally in 2014

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Corporate layoffs are not always a good thing, and today Intel Corp has announced that it plans to reduce its global workforce of 107,000 by about 5 percent this year, which amounts to more than 5,000 jobs. The cuts are expected to include retirements and other voluntary options. According to what Chris Kraeuter told Reuters. “This is part of aligning our human resources to meet business needs,” spokesman

Currently its safe to say Intel dominates the PC chip industry, and chances are that your current PC or Laptop uses an Intel processor. However the company has failed to catch up with its competitors in regards to their Smartphone and tablet processors. Rivals like Qualcomm Inc, Nvidia and Samsung Electronics Co Ltd have always reigned supreme in this category.

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