“Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, reprioritizes toward faster-growing areas, a company spokesman said on Friday,” Noel Randewich reports for Reuters.

“The announcement comes a day after Intel posted a fourth-quarter earnings report that did little to dispel concerns about a slowing PC industry,” Randewich reports. “‘This is part of aligning our human resources to meet business needs,’ spokesman Chris Kraeuter told Reuters on Friday.”

Randewich reports, “Shares of Intel were down 3.45 percent at $25.62.”

Read more in the full article here.

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