Tuesday, April 19, 2016

Yes We Have No Recovery

Bad news from chip land - more layoffs:

Intel Corp. will slash 12,000 jobs, or about 11% of its workforce, to help offset declining PC sales and reposition the giant chipmaker into cloud computing and smart devices, the company said Tuesday.

“We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices,” Intel Chief Executive Brian Krzanich said in a statement.

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Hmmm ... isn't that what Dell is doing? How many "cloud" companies does the world need?

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