Intel to cut 12,000 jobs; mum on numbers in Israel

The move comes as global PC sales have slowed.

Intel sign  (photo credit: REUTERS)
Intel sign
(photo credit: REUTERS)
Chip-maker Intel announced Tuesday that it would cut 12,000 positions from its global work force, though it would not say how many of those jobs would come from Israel.
The reductions, which represent 11% of its global workforce, will include "site consolidations, a combination of voluntary and involuntary departures, and a re-evaluation of programs," to be detailed, mostly over the next 60 days, according to the company.
"We are not providing site-specific information at this time, and we are still evaluating our plans for Europe (Israel)," Intel Israel said in a statement.
The move comes as global PC sales have slowed. Intel said that its primary engines of growth are in the data center and Internet of Things (IoT) businesses.
“These actions drive long-term change to further establish Intel as the leader for the smart, connected world,” Intel CEO Brian Krzanich wrote in a letter to employees. “I am confident that we’ll emerge as a more productive company with broader reach and sharper execution.”
Intel says it is the largest high-tech employer in Israel, and that it added a total of more than 400 employees in 2015. It still has several hundred job openings listed for Israel on its website.