On Intels Tuesday earnings call, CEO Brian Krzanich explained why the company is restructuring, including laying off up to 12,000 employees. Basically, the PC business is hurting, and Intel knows it has to change fast to survive.
Intel has typically been known as a PC company, Krzanich said. Now, its going to be focused around the cloud and all connected devices that connect to that cloud.That includes the PC but much more than that.
Krzanich said that the restructuring will give it flexibility to invest in the hottest areas for the otherwise slow-growing PC market:
- 2-in-1 laptop-tablet hybrids, which are growing more than 10% per year, Krzanich said.
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Gaming PCs, which he said are growing at a …
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