(MENAFN- Saudi Press Agency)
SAN FRANCISCO Rajab 12 1437 April 19 2016 SPA -- Intel says it will cut 12000 jobs about 11 percent of its workforce as it reorganizes to confront a decline in sales of personal computers according to AP.
The chipmaker said the cuts will include "voluntary and involuntary departures" from its operations around the world.
Most of the affected workers will be notified in the next 60 days.
Intel said the cuts will provide about $1.4 billion in annual savings by the time the cuts are completed next year.
--SPA
00:05 LOCAL TIME 21:05 GMT
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