Sign Of The Times: Computer Chip Maker Announces Layoffs

Cites decline in PC sales

Sign of the times. Computer chip maker Intel is laying off 12-thousand employees – 11 per cent of its workforce. A decline in the sale of personal computers is to blame. Intel now looking to expand into other types of computing – wearable devices, drones, making microprocessors for “cloud computing” data centers and chips for Internet-connected gadgets. “It’s time to make this transition,” CEO Brian Krzanich told analysts. While calling the job cuts “difficult,” he said they would help the company sharpen its focus in new areas.