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Intel Pivots From PCs to Cloud

Intel this week announced that it would slash 12,000 jobs as part of a restructuring plan to focus more on cloud-based computing and the Internet of Things and less on PCs. The cuts, which will involve about 11 percent of Intel’s global workforce, will be achieved through voluntary retirements and layoffs, the consolidation of job sites, and a re-evaluation of existing and planned programs.

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