The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Intel Could Lay Off Thousands Next Week

Intel Could Lay Off Thousands Next Week

by , 12:45 PM EDT, September 1st, 2006

Intel, which in April said it would begin figuring out how to cut costs and increase efficiency as it struggles with increased competition from rival AMD, could lay off as many as 10,000 or even 20,000 employees early next week, according to reports at the New York Times (subscription required) and MarketWatch. The company currently employs 100,000 people.

An Intel spokesman, Chuck Mulloy, told the latter that his firm would not comment on "current speculation on the timing of what we may or may not do. We are on track to keep our commitment to report on our structural and efficiency analysis by the end of September."

The New York Times cited an anonymous employee who said that Intel CEO Paul Otellini sent out a companywide email on Thursday in which he said that he would address workers in a Tuesday Webcast. Intel has previously said that it is in the midst of a study to reduce costs, the results of which would be disclosed by the end of this month. Mr. Mulloy told the newspaper: "We said that we intend to disclose the results of the structure and efficiency study during the quarter and we're on track to do that."

Recent Headlines - Updated December 18th

Wed,5:50 PM
Hit List 2.0 Task Manager Checks Off Syncing, iPhone 6 Interface
5:44 PM
ACM 285: Apple’s iPod Lawsuit Victory and Tag Heuer’s Smart Watch Plans
5:20 PM
STM Harbour iPhone 6 Case is Colorful, Lightweight and Inexpensive
5:16 PM
Register for TMO’s Apple Watch Giveaway
4:15 PM
Apple Pay: a List of Brick-and-Mortar Stores That Accept it
1:13 PM
TMO Daily Observations: 2014-12-17
11:32 AM
Netflix Says Offline iPad Viewing Not Going to Happen
9:48 AM
Falling Ruble Ruins iPhone Christmas in Russia
8:50 AM
Pages: Adding and Formatting Links within Text
Tue,8:56 PM
TAG Heuer Announces Plans for Mechanical Smartwatch
5:12 PM
Track Sports and Fitness Jumping on Your iPhone with VERT
3:46 PM
Lifetime Access To Over 5,000 Adobe Authorized Training Videos for $79
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!