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 October 21st

Tue,10:50 AM
How to Enable Apple’s SMS Relay on your Mac or iPad
9:43 AM
Apple Earnings Smackdown Ranks Analyst Predictions
Mon,9:52 PM
Apple Q4 Earnings Sliced And Diced
8:21 PM
Apple Q4 MacBook Sales Hit Record Breaking Numbers, Jump 25 Percent
7:45 PM
Here’s What Apple Wants to Achieve With Apple Pay
7:33 PM
How Apple’s Tim Cook Explained Away Poor iPad Sales
6:31 PM
Apple Store App Update Adds Apple Pay Support
5:59 PM
China Holds Huge Potential for Apple with First Time iPhone Buyers
5:16 PM
Apple Teases Future Plans for Beats
5:02 PM
Apple Posts a Record September Quarter - $42.1 Billion Revenue, $8.5 Billion Earnings
4:45 PM
How-to Set Up and Add Credit Cards to Apple Pay
1:32 PM
TMO Daily Observations: 2014-10-20
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!