The news comes shortly after Intel’s global chief executive officer, Brian Krzanich, announced a worldwide restructuring plan affecting 12,000 Intel employees or 11% of the total.
The new global strategy of Intel entails a shift in focus from software to hardware activities and the closing of the Romanian office does not have anything to do with the local financial results but with the global strategy, market sources say.
Intel’s decision is surprising, however, considering the local market is complaining about a lack of programmers, since IT colleges turn out about 7,000 graduates a year, 2,000 of whom in Bucharest alone, and employers in the industry say they need at least double as many.
Intel Software Development SRL posted 56.7 million lei (EUR12.6 million) revenue and RON4 million net profit in 2014. (EUR1=RON4.5061)
(English version by Loredana Fratila-Cristescu)