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 September 3rd

Wed,10:20 PM
ACM 322: Apple’s TV Shows, Ian Rogers’ New Job, iPhone Jailbreaking
5:30 PM
Frozen: How to Force Quit an OS X App Showing a Spinning Beachball of Death
4:40 PM
Making the Case for the iPod Touch
4:25 PM
Dr. Mac Presents: Smart Option Key Tricks
3:57 PM
A Lawn Chair, an Umbrella, and 54 Propellers
2:39 PM
AluPen Digital Fine-Point Stylus: $34.95
2:12 PM
TMO Daily Observations 2015-09-02: Listeners Respond to El Capitan Debate
11:30 AM
Adonit’s Jot Dash: The Workhorse Stylus You’ve Been Waiting For
10:16 AM
Apple Music’s Ian Rogers Left for the Fashion Industry
9:48 AM
How iTunes Movie DRM-Removal Software Keeps Me Honest
9:07 AM
OS X El Capitan Beta: Using Mail Gestures
Tue,7:47 PM
Handmade Leather Lightning iPhone Chargers
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!