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Transcripts For CNBC Squawk Alley 20160420

Guidance and the intel look, and they say they will layoff 12,000 workers as they are going to be focusing more on the cloud. And they talked about the layoffs in an cnbc exclusive this morning. Have a listen. It is a mixture of the actions to what to do to drive the company in the drirection w want, and how to accelerate the change and growth eareas, and when we did that, it came out to the 12,000ish number. And he also talked about the pc slowdown which is an area where intel does plan to scaleback. The areas that are flat to down are tending to be those mid to lowerlevel system, and both laptops, and degsktop, and it does not mean ta we wont continue to support them or bring in new innovations, but it is just that we will scale that innovation relative to the growth. So we will slow it down, and we will as far as the amount of innovation going into the segments, but we will support them absolutely. And of course, jon fortt brought us that interview in the 7 00 a. M. Hour. And he see

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