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September 2nd, 2006 Archive

Intel Cuts Jobs out of Embarrassment

From CNet to ZDNet and the Wall Street Journal, the word is Intel Corporation (INTC) will cut between 10,000 to 20,000 of its 100,000 strong (or weak) workforce. My source puts the job cut count already at 3,000 with 13,000 or more coming soon, although Geekygirl seems relatively optimistic about her position at Intel ahead of the official job cut announcement on Tuesday, . That would put the layoff count near the upper range of the estimate, and the jobs being cut most likely won’t be limited to the marketing as reported in the Sacremento Mercury News. Read the rest of this entry »