EXCLUSIVE-Intel says to reduce workforce by 5 pct in 2014

Noel Randewich
Friday, 17 Jan 2014 | 3:08 PM ET

SAN FRANCISCO, Jan 17 (Reuters) - Intel Corp plans to reduce its global workforce of 107,000 employees by about 5 percent this year as the chipmaker, struggling with falling PC sales, shifts its priorities toward fast-growing areas, a company spokesman said.

"This is part of aligning our human resources to meet business needs," spokesman Chris Kraeuter told Reuters on Friday.

(Reporting by Noel Randewich; Editing by Nick Zieminski)

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