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 TMO Headlines - Updated September 26th

Fri, 6:12 PM
Apple's MacBook Air Future May Be In Question
Fri, 2:53 PM
Security Friday, Keychain Tips, Settings Shortcuts – TMO Daily Observations 2020-09-25
Fri, 2:47 PM
Apple Acquires Rights to ‘Cherry’ With Tom Holland
Fri, 2:19 PM
Apple Temporarily Stops Collecting Facebook Event Fees
Fri, 1:39 PM
Facebook Wants Messenger to be Default iOS Message App
Fri, 1:11 PM
Value Shopping for Tech Gear
Fri, 12:54 PM
Ninja Dragon Stealth 7 Wireless Silent LED Backlit Gaming Mouse: $27.99
Fri, 11:41 AM
iOS 14 vs Android, App Library, Widgets, and Default Apps
Fri, 10:16 AM
Apple Acquires Podcasting Startup Scout FM
Fri, 9:38 AM
Would You Like a Flying Security Drone From Amazon?
Thu, 4:05 PM
Eero 6 and Eero Pro 6 Announced with Wi-Fi 6 Support and Built-in Zigbee Hub
Thu, 3:43 PM
Watch Behind the Series ‘Tehran’ From Apple TV+
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Daily Observations
  • TMO on Twitter!