Feel free to pile on. Here is what we know so far about 2016 layoffs here at Intel:
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BK officially announced today that Intel will have 12K job cuts, overall cutting 10% of the global workforce – most of the cuts will be here in the States (I am predicting this).
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Cuts to be done by 2017
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Going forward, major focus will be on the cloud – Data Centers and IoT devices
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BK: We are in the middle of a major strategic transformation, it's going to take a while and will hurt
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Client computing group is hurting big time, 15% down sequentially