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Intel to handover 12000 pink slips as PC Market Dooms

Intel to handover 12000 pink slips

Amid stumbles into the PC market, Intel Corp has recently announced 12000 layoffs globally. The chip giant is aiming to helm into data center and IoT segment evading from the ongoing PC market turmoil. A significant 11 percent cut-off of its work force came as mobility drives the consumer and enterprise demand.

According to IDC reports, global personal computer shipments sank 11.5 percent in the first quarter.

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