Intel has announced plans to cut 12,000 employees worldwide due to the decline in the sale of PCs, representing 11% of its workers. This has many high-techies working for Intel in Israel concerned. Intel made the announcement this week, citing a significant Q1 drop in sales.
The impact in Israel might be extremely significant, as Intel employs 10,000 people in Israel, and there are an additional 20,000 working for companies doing business with the high-tech giant.
(YWN – Israel Desk, Jerusalem)
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