Intel Cuts 10k+ Jobs to Make Money

Business Computers — 06 September 2006
Intel Cuts 10k+ Jobs to Make Money

Intel LogoIntel plans to cut 10,500 jobs in order to save $3 billion by 2008. The job cuts, which are purportedly a result of market share loss to rival AMD, make up some 10% of Intel’s workforce. Rumor has it that the 10k mark is on the lower side, and Intel may have to cut up to 20k jobs to remain financially competitive. According to Intel, job cuts are not to be focused to any particular region, and although we were thinking the more expensive labor will be the first to go, Intel announced plans to eliminate some 2k jobs in assembly, packaging and testing as reported by the Malaysian press recently – probably safe to assume these cuts were in Malaysia.

Intel Announces 10,500 Job Cuts [DigitalTrends]

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About Author

Christen Costa

Grew up back East, got sick of the cold and headed West. Since I was small I have been pushing buttons - both electronic and human. With an insatiable need for tech I thought "why not start a blog focusing on technology, and use my dislikes and likes to post on gadgets."

  • http://www.risingsunofnihon.com RisingSunofNihon

    I’ve been reading about Intel the past few days and am surprised at how much trouble they appear to be in. They’re cutting a lot of jobs now, but that’s not going to do anything to help them remain competitive and profitable in the long run. They’ll still have to revise their overall strategy and put a premium on innovation if they want to reclaim some market share from AMD.