Intel Adopting Changes with a New Focus towards Cloud and ‘Internet of Things’
Intel is adopting a new path and making noteworthy changes to its business as the PC market is losing its glory.
The forty seven year-old business is mainly known for making microprocessor chips which powers personal computers but now its shifting its focus to cloud and the 'Internet of Things'.
In a letter to employees, on Tuesday, Brian Krzanich, Intel's CEO said that the company will trim about eleven percent of its 107,300 global workforce in the year. That numbers to 12,000 jobs less in the company. The move will allow Intel to save $750 million in the current year.
This week, Krzanich said in an e-mail to the employees, "These are not changes I take lightly. We are saying goodbye to colleagues who have played an important role in Intel's success."
Mr. Krzanich says, the action is meant to bring about a transformation in the company maneuvering it from a PC company towards a more profitable and futuristic one which powers cloud and the so called 'Internet of Things' that describes devices like household machines and automobiles connected to the internet.
Many of the analysts opine that it is a move which Intel should have adopted earlier given the decline noted in global PC shipments.