Intel in trouble.

Intel shutdown Malaysia, Philippines, Oregon and California operations. Intel is struggling its core business is not doing well, it already announced layoffs. It involves around 5000 to 6000 employees worldwide, including 1800 in the Philippines operations. The company has plans to consolidate and streamline its operations. Intel got also plans to restructure its manufacturing operations. The Company needs to align its capacity to current economic condition. Sphere: Related Content