Intel said today it will lay off 12,000 employees, but its first fiscal quarter results arent all that bad. The results are a bellwether for the PC industry, which is struggling in the age of mobile devices. But the layoffs may signal that there are more changes and strategy shifts ahead for Intel, the worlds largest chip maker.
The company reported earnings per share of 54 cents a share, compared to estimates of 49 cents. Revenue was $13.8 billion, slightly below estimates of $13.84 billion for the quarter ended March 31. That makes it a little unclear why the company is taking drastic action to eliminate 11 percent of its jobs and take a $1.2 billion one-time charge.
Intel said that it had strong results in its data center and…
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