Intel Corporation has reportedly closed down its registered offices in Pakistan as it is now following the global business strategy to focus only on lucrative markets. The tech giant is now improving costs by cutting down operations from various countries according to ProPakistani.
The head office in Karachi and other offices in different cities have recently closed down causing staff members to lose their jobs. Specific members of the employee team have been shifted to regional offices in Malaysia and Singapore.
The largest processor maker of the world, Intel is now maintaining its operations in Pakistan through business partners and vendors while decisions are being taken from the regional office in Malaysia.
It has been reported that the sudden shift in strategy is because Intel is working towards focusing on Cloud Computing rather than hardware solutions. Singapore and Sri Lanka are also adopting the same strategy.
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