Intel gave its restructuring the optimistic title of “Accelerating Change and Transformation,” but chief executive Brian Krzanich rated it with a letter grade of only “C,” or average, as Mike Rogoway reported for The Oregonian. Krzanich has described the cutbacks as excessively “harsh and quick,” and employees complained that the criteria for layoffs changed without notice in 2015 and 2016. The executive has acknowledged a lasting hangover, but he points to positive fourth-quarter results and has announced a new training program for its 13,000 managers. The company has successfully moved away from the personal computing market, he said, and now will focus on the Internet of Things, data hosting, and memory chips.
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