Intel to cut over 5,000 jobs

“This is not a layoff,” said Intel Spokesman Chris Kraeuter. “It’s not a giant, one time action. This is a target employment rate for the end of the year.”

Kraeuter said the cuts will come as a result of people retiring, redeployments, or people leaving voluntarily.

“We’re making decisions on how to design our resources to better meet the needs of our business,” said Kraeuter.

https://money.cnn.com/2014/01/17/technology/intel-jobs/