Intel slashes 10% of global jobs
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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 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.
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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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Diplomatic posts at the State Department and U.S. embassies worldwide will be cut by 10 percent next year because of heavy staffing demands in Iraq and Afghanistan, Director General Harry Thomas informed the foreign service yesterday.
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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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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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NEW YORKâSoftware maker Computer Associates International Inc. says it will cut 800 jobs, or 5 per cent of its workforce, to reduce costs amid weaker demand and falling prices for software and services.
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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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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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Intel plans to lay off 800 workers at a Colorado chip-making plant, fallout from its decision to sell its XScale processor division in 2006.
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Computer Associates International Inc. (CA) plans to cut 800 positions worldwide, 5 percent of its workforce, in hopes of shaving $70 million annually off its operating costs.
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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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As expected, the chipmaker announces 10,500 layoffs as part of a strategy to cut costs and regain momentum.
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Intel Corp., the world&#39;s biggest semiconductor maker, said it built a test chip with a new process that creates faster circuits by packing 10 million transistors into an area the size of the tip of a ball-point pen.
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Intel Corp. , the world's  biggest chipmaker, on Wednesday posted a sharply lower second  quarter profit amid fierce competition from rival Advanced  Micro Devices Inc. .
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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 is expected to unveil a massive layoff as soon as Tuesday that could eliminate thousands of jobs, according to a pair of published reports.