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Intel to Cut 12,000 Jobs
The BBC reports that Intel will cut 12,000 jobs [bbc.com], or about 11% of its workforce:
US tech giant Intel is shedding 12,000 jobs as it seeks to cut reliance on the declining personal computer market. The maker of computer chips will take a $1.2bn charge to cover restructuring costs. The job cuts, about 11% of Intel's workforce, will be made over the next 12 months, Intel said in a statement [shareholder.com].
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