Intel cut 137 jobs at its IoT division

Posted on Wednesday, July 05 2017 @ 18:38 CEST by Thomas De Maesschalck
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Word is going around that Intel cut a total of 137 jobs at its Internet of Things (IoT) division. This is the second round of job cuts this year and it's the result of the cancellation of the Joule, Edison and Galileo product lines.

Electronics Weekly writes 97 jobs will disappear at the Intel HQ in Santa Clara, California, plus another 40 at the County Kildare campus in Leixlip, Ireland.

In Q1 2017, the IoT segment contributed $721 million to Intel's revenue. That's around 4.87 percent of Intel's first-quarter revenue.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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