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As fourth quarter earnings reports were released, Intel Corp. has said that it plans to reduce its global workforce by 5 percent in 2014.
The chipmaker also told Reuters, exclusively, that it would be focusing on other areas that have shown growth as the earnings report showed that computer sales continue to sag, such as low-power chips, tablets and data centers.
Intel spokesman Chris Kraeuter said, "This is part of aligning our human resources to meet business needs."
According to BBC News, the total workforce for Intel will be reduced to about 107,000 employees worldwide.
The earnings report show that revenue for the chip-making division dropped 4 percent from 2013 as consumers more commonly turn towards tablets and smart phones, a move that the PC sector has been slow to recognize.
The revenue report dipped Intel's shares down 3.5 percent, but Intel wasn't completely gloomy. The company insists that the personal computer sector appears to be "stabilizing" and the chipmaker's holiday numbers overall were an improvement over the previous year, even if the yearly revenue was not.
image: Wikimedia Commons