Intel slashes 10% of global jobs
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Intel, the world's largest computer chip manufacturer, will cut 10,000 jobs, or about 10% of its total staff.
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Seeking further efficiency improvements, Intel said it is laying off up to 10% of its IT staff -- a plan that was described in detail by a blogger using the name "Intel IT Guy."
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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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Nortel Networks Corp. will cut 10 percent of its workforce, or around 3,500 jobs, to reduce costs.
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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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Chip stocks fell across the globe on Friday after Intel, the market leader, slashed its forecasts for revenue and profit margin for the third quarter, citing unexpectedly weak demand.
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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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At least 7,000 jobs are set to go at computer firm Dell after it said it would cut its global workforce by about 10%.
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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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Intel, the world's leading computer chip maker, slashes its revenue forecasts, triggering a decline in global chip stocks.
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(InfoWorld) - A week afterÂ announcing 10,500 layoffs in a complete corporate reorganization, Intel Corp. has continued to trim the company, selling off another division. Intel sold its optical networking components division on Friday to Cortina Systems Inc., a maker of communications chips for telecommunications carriers. The sale will allow Intel to focus better on its core products -- PC chips, network processors, modular communications platforms and optical modules, Intel said Monday. Financial details of the sale were not disclosed, although some published reports put it at US$115 million. While the sale shrinks Intel to a smaller size, it won't necessarily result in more layoffs. Cortina, based in Sunnyvale, California, plans to employ "a significant number" of the engineering, operations and marketing employees in the division. Intel Chief Executive Officer Paul Otellini began the corporate restructuring in April, when he told analysts that the company would earn $9.3 billion for 2006, down from $12.1 billion in 2005. Since then, he has sold off two other business units, laid off 1,000 middle managers, shuffled top executives, and announced a plan to shrink the company from 102,500 people in the second quarter of 2006 to 92,000 people by the middle of 2007. The sale of the optical networking components division could add to the number of jobs lost. Intel did not specify how many workers it employs in that division, but the number is reportedly 120.
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Computer Associates International Inc. (CA) plans to cut 800 positions worldwide, 5 percent of its workforce, in hopes of shaving US$70 million annually off its operating costs.
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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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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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By JORDAN ROBERTSON  SAN JOSE, Calif. - Shares of Intel Corp. fell in after-hours trading after the world's largest chip maker announced sweeping job cuts that some investors believed were not severe enough.  Intel shares fell 26 cents to $19.73 in after-hours trading Tuesday.
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The AMD effect CNET has come out as the first organ willing to put a firm number on Intel's alleged upcoming mass layoff. The online rag reckons that up to 10,000 workers will be cleaved from Intel's payroll. Word of the layoffs should arrive next Tuesday after the stock markets close their regular trading sessions.â¦
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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.