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Intel (INTC) plans to cut its global workforce by 5% this year in a major cost-cutting move, the company said Friday. The action comes a day after the chipmaker forecast no growth in sales or gross profit margin for 2014. “We do expect our employment to come down about 5% throughout the year,” Intel spokesman Chris Kraeuter told IBD. “We’re making decisions to align our resources to meet the needs of the business. “This is not a layoff. Certain Scalper1 News
Scalper1 News