Slumping PC sales are affecting Intel's bottom line
It's been a rough stretch for companies invested in the PC market, and that includes Intel, the world's largest semiconductor maker. Intel recently reported its fourth quarter financial results in which it was revealed that revenues from the chip maker's PC Client Group declined 4 percent from 2012. A day later, Intel let it be known that it plans to reduce its global workforce by around 5 percent in 2014.
According to Reuters, Intel employs about 107,000 people around the world, so the 5 percent reduction means some 5,350 workers will receive a pink slip sometime this year.
"This is part of aligning our human resources to meet business needs," spokesman Chris Kraeuter said, according to Reuters.
Intel is a dominant force on the desktop, but the company has also been slow to fully embrace the mobile movement. That's something Intel will look to change this year as it attempts to wrestle away market share from ARM in smartphone and tablet devices.