Intel Eliminating 10.5K of Work Force
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SAN JOSE, Calif.  --  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  --  about 10 percent of its work force  --  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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Intel Corp., the world's largest semiconductor maker, will cut 10,500 jobs -- 10 percent of its workforce -- as part of a plan to reduce costs by $3 billion annually starting in 2008.
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By Kyodo News International, Tokyo  Sep. 6--NEW YORK -- Intel Corp. said Tuesday it will cut 10,500 jobs, or  about 10 percent of its total workforce, by mid-2007 to cope with harsh price  competition in the semiconductor industry.
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Intel Corp  said on Thursday  it will drop out of the One Laptop Per Child project and resign  from the board after the project's board demanded the chipmaker  stop supporting other efforts in emerging markets.
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By Bloomberg, AP and Staff Reports  Video:  Intel to Cut 10,500 Positions    Video:  Intel Shakeup Has Oregon Community Concerned    Chip-maker Intel Corp.
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Troubled company will trim 5% of work force due to stiff competition, soft business software market. NEW YORK  - Computer Associates said Wednesday it would cut its work force by 800 jobs, or 5 percent
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The two-year effort will reduce its work force by 10 percent and cut $5 billion in costs. Analysts see measures as essential to compete against Advanced Micro Devices.
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SAN JOSE, Calif. -- Contradicting fears that the semiconductor industry's pace of development is slowing, Intel Corp. announced it has achieved a milestone in shrinking the size of transistors that will power its next-generation chips.
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Move is the latest setback for the chip Intel once billed as an industry standard.
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Intel Corp.  said on  Tuesday it will cut a total of 10,500 workers, or 10 percent of  its workforce, by the middle of next year, as part of a  restructuring aimed at making the world's biggest chipmaker  more competitive.
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Intel Malaysia to slash more than 1,000 jobs: Report    KUALA LUMPUR, Sept. 4 (Xinhua) -- Computer chip giant Intel is implementing a voluntary separation scheme (VSS) in Malaysia which is expected to involve between 1,000 and 2,000 employees in the country, local newspaper reported Monday.
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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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As expected, Intel announced late Tuesday a new wave of job cuts as part of the company's reorganization plan, first detailed last April. 10,500 jobs will be cut over the next two years, and Intel expects to save $2 billion by the next of next year.
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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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&gt;lines 0,0,1000,993,1000 Computer Associates International announced a restructuring plan Wednesday that would reduce its global work force by 800 people, saving the software maker $70 million annually once the plan is implemented.
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Intel Corp. , the world's biggest computer-chip maker, said it is reorganizing into five business units from two to speed product introductions.
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'Significantly exceeds previously estimated workforce-reduction target'