Intel to Cut Work Force by 10,500
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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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Oracle will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.
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Nortel Networks Corp. NT.TO on  Thursday said it would eliminate about 10 percent of its work  force, slightly less than previously estimated, and consolidate  real estate in a cost-cutting plan that will save $500 million  in 2005.
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Contradicting fears that the semiconductor industry&#39;s pace of development is slowing, Intel Corp has announced that it has achieved a milestone in shrinking the size of transistors that will power its next-generation chips.
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The world&#39;s largest chip maker, Intel, is changing its approach to making faster computer microprocessors. It has dropped plans to release a four gigahertz version of its flagship Pentium 4 chip.
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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 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. INTC.O said on   Tuesday it is cutting 10,500 jobs, or about 10 percent of its   work force, as part of a plan by the world's biggest microchip   maker to become more competitive.
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SAN FRANCISCO - Citing lower than expected product sales, Intel Corp. on Thursday lowered its revenue expectations for the third quarter of its 2004 fiscal year, which ends on Sept. 25.
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Nortel Networks Corp. will cut 10 percent of its workforce, or around 3,500 jobs, to reduce costs.
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Intel, the world&#39;s largest chip maker, scrapped a plan Thursday to enter the digital television chip business, marking a major retreat from its push into consumer electronics.
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Intel is moving to reduce its chip inventory and make way for new products by deeply discounting some of its Pentium 4 and Itanium processors.
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Chip maker chips away at work force, cuts 7500 jobs.
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Intel Corp. , 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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The 'Barrett Hangover' Intel doesn't mess around when its sales slow. The chipmaker today revealed that it will fire 10,500 workers over the next year in the hopes of improving its bottom line.â¦
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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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Intel Corp. , the world's largest semiconductor maker, will cut 10,500 jobs as part of chief executive Paul Otellini's plan to reduce costs by $3 billion annually starting in 2008.