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Intel Confirms Major Layoff, 11 percent of Employees To Go

Company will cut 12,000 workers, starting today; cloud and IoT folks are likely safe

1 min read
Intel Confirms Major Layoff, 11 percent of Employees To Go
Photo: Intel

Intel Corp. today announced that it would cut some 12,000 jobs—that’s 11 percent of its total workforce—by mid-2017, with the majority of those affected getting the bad news within the next two months.

In a press release, the company said the “restructuring initiative” would “accelerate its evolution from a PC company to one that powers the cloud and the billions of smart, connected computing devices,” and that the compnay would be increasing its investments in “data center, IoT, memory, and connectivity businesses.”

Said Intel CEO Brian Krzanich in an email today to employees, “These are not changes I take lightly. We are saying goodbye to colleagues who have played an important role in Intel’s success. We are deeply committed to helping our employees through this transition and will do so with the utmost dignity and respect,” and promised more details soon.

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
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Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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