Intel Fires 5,000 Employees

Intel, the world's largest computer manufacturer, decided to fire 5 percent of its employees, a number equals to 5,000 people.  

Reuters wrote that the policy was taken following a drop in personal computer sales, the largest division in the company. 

Intel made the announcement before releasing their financial report that shows their profit dropping by 13 percent. However, the company also stated that the report had shown signs that PC sales has started to balance out.

Intel only managed to generate USD$9.6 billion profit out of USD$52.7 billion of sales value by the end of 2013. Compared to the profit back in 2012, the number dropped by a significant USD$1.4 billion.

Analysts predicted that the significant drop on PC sales was due to a shifting trend. Users today prefer to use laptop or tablet instead of using a personal computer. As a result, computer chip maker such as Intel have to manage to generate more profit from other business sector, such as data center.

Source : Tempo