Intel to slash up to 12,000 jobs in restructuring

epa05266822 (FILE) A file photo dated 16 March 2016 showing a trade show visitor passing the Intel stand at the CeBIT computer show in Hanover, Germany. Intel is to release their 1st quarter 2016 results on 19 April 2016. EPA/MAURITZ ANTIN

SAN FRANCISCO: Intel will cut up to 12,000 jobs worldwide as it seeks to shake up its business to reduce dependence on the slumping personal computer market, the US tech giant said. 

Known as the leading PC chip-maker, Intel has in recent years been looking to shift to mobile and emerging technologies such as health care, wearables and other connected devices.