DHAKA: Intel plans to cut five percent of its global workforce in 2014, the company said Friday.

The announcement comes a day after the company released its fourth-quarter earnings report. That report reaffirmed what we all know: PC shipments are in rapid decline.

Earlier this week, Intel announced that it was halting plans to open its $5 billion "Fab 42" chip factory in Chandler, Arizona.

Originally, the facility was to be used for all of Intel`s latest and most high-profile chipsets. Instead, the facility will remain vacant and according to the company, "be targeted at future technologies."

Intel has 107,000 employees, so five percent cut equals about 5,300 jobs.

Source: Mashable

BDST: 2220 HRS, JAN 18, 2014
Edited by: Morshed Jahan Mithun, Newsroom Editor