Intel: Job cuts not to affect India operations
2016/04/19

India will not see any job cuts from Intel at the moment and the chip-making giant will only invest further in the country to support the "Digital India" initiative, a top Intel executive has said.

"I hope the company grows in India and I suppose they are not making any job cuts here," Thaine Creitz, director of consumer technical marketing at Intel, told IANS on the sidelines of the Intel technology and innovation tour India 2016 here.

After announcing the departure of its two top executives last week, Intel was reportedly preparing to cut thousands of jobs across its business units by the year-end, media reports had said.

The cutbacks will reduce employment in some parts of the business by double-digit percentages. The planned downsizing could begin soon after Intel reports its first-quarter financial results on April 19, though sources say timing and specifics remain fluid, the reports said.

Creitz, however, said the number of retailers and opportunities is growing in India and personally, the company's investment for India will grow exponentially in the near future.

Talking about more on job cuts, he told IANS: "I do not have any details which organisations would follow this procedure. Many of organisations have multiple sites so if we have people in California and China, replication of some job sites is possible. So the company is streamlining this."

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