Finance

Intel to cut 12,000 jobs, 11 percent of workforce

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A worker arranges an Intel logo at the CeBIT trade fair, the world's biggest computer and software fair, in Hannover in this March 13, 2016, file photo. REUTERS/Nigel Treblin/FilesThomson ReutersFile photo of a worker arranging Intel logo at CeBIT trade fair in Hannover

(Reuters) – Intel Corp said it would cut 12,000 jobs globally, or 11 percent of its workforce.

The company said it would record a pre-tax restructuring charge of $1.2 billion in the second quarter.

(Reporting by Narottam Medhora in Bengaluru)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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