Intel plans to cut about 5 percent of its global workforce, the company said in a statement Friday.
That comes to roughly 5,000 out of a total workforce of 107,000, Reuters said.
"Intel will be aligning resources to meet the needs of the business this year. This will include targeted workforce reduction in addition to realignment of resources," Intel said in a statement provided to CNET.
The statement continued. "While we expect that employment will come down by approximately 5 percent this year, we are not announcing a layoff. When we talk about reduction of … Read more