Sources: Intel Layoffs May Be Imminent
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In the next step of its sweeping reorganization plan, Intel may be preparing to let go of as many as 22,000 workers worldwide, according to media sources close to the affected operations.
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Paul Otellini, the chip maker&#39;s president and chief operating officer served notice at the company&#39;s recent developer conference that the megahertz era was coming to a close, and the decision last week to remove the 4-GHz Pentium 4 processor from its road
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SAN FRANCISCO -- The number of companies building and designing microprocessors is likely to shrink by approximately 40 percent over the next 10 years, analysts from Gartner Inc. predicted at the research firm's Semiconductor Industry Summit conference here in San Francisco Tuesday.
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The information technology (IT) sector is expected to set the tone of the Korean stock market in the near term after Intel, the worldâs largest semiconductor maker, slashed its third-quarter sales forecast last Thursday.
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Intel Corp.&#39;s (INTC.O: Quote, Profile, Research) upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent
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Intel will announce results of an internal review next week that could include thousands of layoffs, a report said.
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Intel Corp. INTC.O, the world's   biggest microchip maker, may cut up to 10 percent of its work   force as early as next Tuesday, a technology news site said on   Thursday, citing sources familiar with the plans.
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Sep 10, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Remember those &quot;End of the World&quot; signs? Well, Intel Corp.
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Intel, the world's largest computer chip manufacturer, will cut 10,500 jobs, or about 10% of its total staff.
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Intel Corp., the world's biggest   microchip maker, is set to announce sweeping job cuts later on   Tuesday, the Financial Times said, amid speculation that up to   10 percent of its staff could go.
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By Marina Emmanuel  A BROAD restructuring exercise by the world's biggest chipmaker, Intel Corp, is likely to result in the closure of the company's Cyberjaya site in Malaysia.
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By Mears, Jennifer  As expected, Intel last week said it would slash 10,500 jobs, or about 10% of its workforce, by the middle of next year as the chip maker attempts to regain its footing in an increasingly competitive x86 processor market.
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By Kimberly S. Johnson, The Denver Post  Sep. 6--Intel Corp. said Tuesday it is cutting 10,500 jobs, or more than  10 percent of its global workforce, to reduce costs, as its chief competitor,  Advanced Micro Devices, gains more of the microprocessor market.
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By Review, Idaho Business  Intel announced September 5 that it plans to lay off approximately 10,500 employees by the middle of 2007, reducing its workforce to 92,000.  Local microchip manufacturer Micron has a joint operating venture with Intel to produce flash memory.
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SAN JOSE, Calif. -- With Intel Corp. apparently poised to announce the latest stage of its restructuring effort, speculation has centered not on whether the world's largest chip maker would be cutting jobs, but on how many.
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SAN JOSE, Calif. - The watch is on at Intel Corp., as observers are now wondering: Who is the heir apparent to Paul Otellini? As reported, Intel (Santa Clara, Calif.
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(InfoWorld) - The leading quote from this weekâs news comes from Intel CEO Paul Otellini: "We're doing product refreshes every two years, which is the model we invented and then stopped doing after Pentium 4, shame on us," Otellini said. "We fell off it -- mea culpa, we screwed up -- and now we're back on that pace." Otellini was speaking at a Morgan Stanley Technology Conference, but regardless of the venue, every time a CEO speaks, he or she is using analysts and journalists as a conduit to shareholders. When a CEO takes a podium to apologize to shareholders, it tends to be the board of directorsâ idea. This is an obtuse, though profuse apology. The screwup to which Otellini refers is his decision to clear Intelâs shelves of x86 property and dump it on AMD in one drop so that Intel could end the year with a bang, having had the last volley in the CPU wars. It did that. But one could liken Intelâs strategy in latter 2006 to a massive spread of fireworks thatâs sent up simultaneously. Everybody goes nuts at the spectacle of it, but after that brief rush, all thatâs left is silence and smoke, soon followed by the glow of taillights. As tacky as it is to quote oneself, I put Otelliniâs present bind succinctly in a column I wrote last August: âIntel shot its entire wad on Core microarchitecture. From here, the only place Intel can go is bigger cache, more cores, and faster clocks.â Indeed, that sums up Intelâs plans for 2007, and thereâs no swaggering spin, distraction, or buzzword bending that can make up for the enormous technology gap between Core 2 and AMDâs reengineered Barcelona quad-core Opteron. It isnât likely that Intel can play engineering catch-up, given that Otellini has pink-slipped 10,500 workers. Otellini will have more than empty cupboards and empty desks to apologize for. He set a strategy to bulk up Intelâs manufacturing capacity and to jam up AMD by forcing prices down and leaving AMD unable to meet spiked market demand. Market demand is sagging, and if it returns, AMD has the capacity advantage: It has third-party foundries standing ready to stamp out AMD CPUs if need be. Another example of poor judgment is Otelliniâs fixation on CPUs and chip sets. AMDâs acquisition of ATI put Intelâs rival in the high-margin peripherals business as well as a growing role in high-performance chip sets for Intel desktop and notebook PCs. Intelâs hostile attitude toward chip-set makers drove graphics and chip-set giant Nvidia to make surprisingly close ties with AMD despite its purchase of Nvidiaâs sole competitor. If only it ended there. Recently, Intel informed the Delaware Federal District Court that it cannot produce relevant e-mail messages that were exchanged after the filing date of AMDâs antitrust suit. Intelâs letter to the court blames individual human error while heaping detailed praise on executivesâ document retention plan. Buried in the text is the Nixonian counterpoint, âSome of the tapes appear to have been recycled.â Itâs not that Otellini hasnât done anything right. He did put the brakes on NetBurst. He won an exclusive with Apple and got Sun Microsystems to add Intel to its product line. But in the minus column, Otellini lost the companyâs gold medal exclusive PC maker, Dell, and people will wonder whose inboxes those recycled tapes might have contained. Intelâs CEO should be gilding his parachute. If he lasts out the year, it will be because Intelâs board wisely takes its time to choose a replacement. My litmus test? Find someone who believes that Intelâs yearly sponsorship of the A. M. Turing Award matters more than convincing a judge in Delaware that evidence really, truly got lost. And find a CEO who, when he or she apologizes for lousy decisions, uses the pronouns âIâ and âme.â