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 Says it Will Cut 10,500 Jobs

Intel Says it Will Cut 10,500 Jobs

by , 5:00 PM EDT, September 5th, 2006

Intel on Tuesday announced that it will cut 10,500 jobs over the next year in response to competitive gains made by rival AMD, according to the Wall Street Journal (subscription required). The layoffs are about 10% of its workforce and will save the company around US$5 billion, but severance costs will add up to the neighborhood of $200 million.

Intel, which some pundits thought might cut up to 20,000 positions, announced the job cuts as part of a major restructuring effort that started earlier this year. They will come from management, marketing, and information technology.

Recent Headlines - Updated November 23rd

Sat,10:30 AM
iPhoneography 101: Essential iPhone Camera Apps
Fri,6:57 PM
Apple Makes ‘Things for iPad’ Free for a Week
6:47 PM
Judge Approves Apple iBooks $450 Million Antitrust Settlement
5:54 PM
100 AA and 52 AAA Duracell Batteries for $59.99 [Extended]
5:18 PM
Use a PDF to See How Big Apple Watches Really Are
4:45 PM
Why Every Estimate for Apple Watch Sales in 2015 is Completely Wrong
4:30 PM
‘Kingdom Rush Origins’ Tower Defender Released for iPhone and iPad
1:42 PM
TMO Daily Observations: 2014-11-21
11:53 AM
Google Agrees to Settlement in Rockstar Patent Infringement Fight
9:44 AM
Apple Blocks Outdated Flash Players Over Security Issues [Update]
9:00 AM
iOS 8: Using “Send Last Location”
Thu,8:05 PM
SwiftKey Adds Languages in iOS Without App Store Updates
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!