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[Headline] Intel to cut 12,000 jobs in order to focus on Cloud

(This post was last modified: 04-20-2016, 08:14 AM by Keslar. )

Intel Corp. has announced plans to cut down its work force by 11% which means about 12,000 staff could lose their jobs.
Intel's share of the chip market has significantly reduced due to the shrinking PC market as opposed to the Smartphone market; which the chip maker failed to key into but ARM Holdings PLC currently dominates.
Intel says it will be focusing on the "Internet of Things"

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