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The massive shake-up announced by Intel reflects the rapid changes in the tech sector and aims to position the Silicon Valley titan for a post-PC world. The chip-making giant Tuesday said it was cutting up to 11 percent of its global workforce, or some 12,000 positions, to adapt to a slumping market for personal computers and rapid growth in emerging technologies.Intel's cuts were announced after surveys showed the deep slump for the personal computer market.Gartner's survey showed a 9.6 percent in global PC sales in the first quarter, while another report by IDC showed an 11.5 percent decline.In the past quarter, Intel reported a modest 3 percent rise in first-quarter profit to $2.0 billion, with revenues growing 7 percent to $13.7 billion.
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