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Intel axes 12,000 jobs as it looks to break away from PCs

Agam Shah | April 20, 2016
The company looks to diversify from PCs into the growth areas of IoT and servers

It reported revenue of $13.7 billion for the quarter, growing by 7 percent compared to the year-ago quarter.

Revenue for the Client Computing Group, which deals in PC and mobile chips, was $7.5 billion, up 2 percent year-over-year. Revenue for the Data Center Group, which deals in server chips and data-center equipment was $4 billion, growing by 9 percent.

Intel also announced that Stacy Smith was moving from the role of chief financial officer to lead sales, manufacturing and operations. He will take the position once a replacement is found.


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