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Intel to slash 12,000 jobs worldwide
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Intel Corp. said Tuesday that it will eliminate 12,000 jobs worldwide by mid-2017, an 11 percent reduction in its work force. Those reductions are part of Intel’s attempts to transform itself “from a PC company to one that powers the cloud and billions of smart, connected computing devices,” the company said. The cuts will come “through site consolidations worldwide, a combination of voluntary and involuntary departures, and a re-evaluation of programs,” Intel said. This piece originally appeared on the ABQ Free Press website.