Intel cutting thousands of jobs

[Pinnacle]

Intel has about 100,000 employees worldwide, so the cut could be as high as 10 percent of the company's staff.



Wow, 10000 people, whats goin on in the Intel camp?


http://news.com.com/Intel+expected+to+cut+thousands+of+jobs/2100-1014_3-6111478.html?tag=nefd.lede

[M.Beier]

Old news :(
Intel Denmark shuts down as well.

[Mr. Popo]

Yet another factory will be open in Israel.

[nn_step]

Looking like Intel is trying too lose extra weight fast

[n-sanity]

:o indeed.

[zabomb4163]

I'm liking this a lot as an intel shareholder

[Kanavit]

hmm, perhaps conroe may not have been as successful as intel has hoped for?

[perkam]

The previous news was Intel letting go 4000 Managers...this is about 10,000 employees....so its not old.

And no this does not affect conroe. You can still find Hector Ruiz waking up in a sweat at the thought of cheap conroes.

Perkam

[SturmoV]

You can still find Hector Ruiz waking up in a sweat at the thought of cheap conroes.

Perkam



:eek: :rofl:

[SlicerSV]

Whoa... what is going on, Intel actually has a SMART CEO now? OMG OMG! What do I do? lol.

Seriously... I've grown up being disappointed by Intel, and now all of a sudden they seem to be trying to play it smart instead of just throwing their weight around?

Way to go AMD! Intel's ready to compete with you on YOUR terms now. Hope you're ready ;)

[Daveb2012]

You must remember Intel the company has many great minds, that are genius when it comes to making things work more effeciently. Including there own company. I know they didnt cut 10,000 jobs because they couldnt afford to pay them, its becasue they didn't need to pay them to continue there success. I guess this is a fact of life.

[DeltZ]

all companies must restructure to remain efficient and streamlined. Cutting jobs usually is to get rid of redundant areas of research etc. T'is all about efficiency.

[nn_step]

And no this does not affect conroe. You can still find Hector Ruiz waking up in a sweat at the thought of cheap conroes.

Perkam
nope.. he has something rather nice to show Conroe...

[perkam]

This article says it was 1000 managers. Not doubting you, but do you have a link showing 4k?You're right..my memory just works in mysterious ways :)

Perkam

[Starscream]

You can still find Hector Ruiz waking up in a sweat at the thought of cheap conroes.

Perkam

who knows maybe he wakes up late in the morning with an evil laugh knowing stuff we dont know.

and firing uneeded phat is only the thing that many other companys did years ago, Intel si just late with it.

[zabomb4163]

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BEF6E384E%2DA4E4%2D482D%2D8DE4%2 DFD457826B27C%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo

" Intel Corp. shares showed little reaction in early trading Friday to reports that the world's largest chipmaker might cut between 10,000 and 20,000 jobs as early as next week in what would be one of the company's largest restructuring efforts."

"Intel also said it would cut 1,000 management positions around the world as part of Otellini's demand that the company reduce expenses by $1 billion by the end of the year."


-according to Intel's 2005 SEC anual filing (in thousands)

Research and development 5,145
Marketing, general and administrative 5,688

compared to AMD

Research and development 1,144,025
Marketing, general and administrative 1,016,085

[[XC] Lead Head]

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BEF6E384E%2DA4E4%2D482D%2D8DE4%2 DFD457826B27C%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo

" Intel Corp. shares showed little reaction in early trading Friday to reports that the world's largest chipmaker might cut between 10,000 and 20,000 jobs as early as next week in what would be one of the company's largest restructuring efforts."

"Intel also said it would cut 1,000 management positions around the world as part of Otellini's demand that the company reduce expenses by $1 billion by the end of the year."


-according to Intel's 2005 SEC anual filing (in thousands)

Research and development 5,145
Marketing, general and administrative 5,688

compared to AMD

Research and development 1,144,025
Marketing, general and administrative 1,016,085

EDIT: Doh'

[J-Mag]

since when does AMD have 2 million employess?

those numbers are $$$$$$

[[XC] Lead Head]

those numbers are $$$$$$

doh'

[Pinnacle]

doh'

hehe, silly, HEAD:slap:

[The Ghost]

The "fat" that is getting trimmed is out of the sales and marketing division where they "discovered" they had far more staff than other companies in the field.
and i thought that intel's sales and marketing is what made intel so good

well i guess recently , they have not been doing so good

maybe all the bullying that intel has done in the past is catching up with it ?

i think that i read some where that cyrix doubled it's market share