The US chip giant Intel wants to convert from the classic computer supplier to the mobile and cloud services provider. That is to the detriment of employees – despite billions profits and high profit margins, many employees lose their jobs.
The world’s largest chipmaker Intel has announced a massive job cuts. Mid-2017, the company wants to change world 12 000 points as it announced on Tuesday after U.S. market close. This corresponds to about 11 percent of the total number of employees.
The group founded the staff clearcut with the shift from the classical PC supplier to the modern service providers in the mobile and cloud business, in which data on the Internet are outsourced. Intel has mainly the so-called Internet of things in their sights – the online networking of devices or machines.
Obviously much fewer employees are needed for these business areas designated by the group as “Engines of growth”. Most of the employees affected by the job cuts should be informed within the next 60 days, Intel announced.
First to go the termination and severance pay in the money – in the second quarter, the Group anticipates a special expenditure of $1.2 billion. Mid-2017, the annual cost of the austerity program but to 1.4 billion dollars projected for the year should (1.2 billion euro) fall.
While Intel made last thick profit: In the first quarter, the surplus rose compared with the previous year from 1.99 to 2.05 billion dollars (1.80 billion euro). Revenue climbed seven percent to 13.7 billion dollars. The profit margin was almost 60 percent.
However, revenues were below market expectations. In addition, Intel disappointed investors with a revenue forecast of 13.5 billion dollars (plus or minus 500 million) for the second quarter. The stock suspended briefly from trading according to the communication on the job cuts fell nachbörslich first by three percent.
Intel also announced that the Finance Director operating for 28 years for the group within the company on a new post will change Stacy Smith. He should worry about the areas of sales, production and operation, as soon as a successor was established.