Fergie's Tech Blog

Report: Intel to 'Decimate' Workforce

Ashlee Vance writes on The Register:

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.

Rumors of large layoffs at Intel have swirled ever since CEO Paul Otellini said he would examine all possible cost cutting options. So far, Intel has relieved itself of two business units and fired 1,000 managers. According to CNET, things will get worse for the Intel regulars next week when the company decimates its 100,000 strong workforce.

The company has scheduled an internal web cast for Tuesday, which doesn't seem like an encouraging sign.

posted by Fergie @ 8/31/2006 05:52:00 PM