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
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.
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Fatal error: Call to a member function sql_query() on a non-object in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 532
Recent Headlines - Updated May 18th
- Fri, 8:10 PM
- Free on iTunes - 3 Free iOS Apps We Hope You Never Need
- 7:52 PM
- The Back Page - Apple’s ‘iRadio’ Streaming Excites Labels, Sony Hung on Skipping
- 3:50 PM
- Particle Debris - How the War Between Apple & Google Will be Won
- 3:29 PM
- News - Pentagon Approves iPhone & iPad for Military Use
- 1:10 PM
- TMO Quick Tip - Apple TV: Hiding Unused Icons from the Main Screen
- 10:40 AM
- Sci-Fi Airshow
- 9:17 AM
- News - CW Signs Content Deal for Apple TV
- 8:31 AM
- TMO Quick Tip - iTunes 11.0.3: New MiniPlayer Features
- Thu, 5:25 PM
- Analysis - Apple CEO Tim Cook Will Propose Corporate Tax Overhaul, Report
- 4:07 PM
- myPhoneDesktop Allows You to Send Data from Mac/PC to iPhone
- 3:03 PM
- iLuv Ships ‘Aud 5’ Lightning Speaker Dock for iPhone 5
- 1:40 PM
- Product News - MiniPlayer Gets Album Art View in iTunes Update
The Mac Observer Reader Specials
-
-
-
-
-
-
-
-
-
Support TMO, Buy from Amazon, MacMall and The Apple Store
