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.
Recent TMO Headlines - Updated December 7th
- Wed, 4:49 PM
- Apple Announces Powerful New User and Data Security Features
- Wed, 4:43 PM
- Apple Delivers New Wave of OS Release Candidates
- Wed, 3:30 PM
- French Group Files Complaint Against Apple Over Device Repairability
- Wed, 1:14 PM
- Travelin' Tim Talks TSMC
- Wed, 12:34 PM
- 'Disney Dreamlight Valley' Arrives for Apple Mac Sillicon Users
- Wed, 12:26 PM
- Two Women Sue Apple for Illegal AirTag Tracking Incidents
- Wed, 12:17 PM
- Apple Wins Patent Battle Against AliveCor Over Heart Rate Monitoring
- Wed, 11:51 AM
- Apple TV+ Lands 10 Nominations at 28th Annual Critics Choice Awards
- Wed, 3:00 AM
- Pricing Tools for Developers and Things We Didn't See Coming - TMO Daily Observations 2022-12-07
- Tue, 5:06 PM
- Apple CEO Tim Cook Says Chips Can Soon Be Stamped ‘Made in America’
- Tue, 4:49 PM
- Microsoft Looking Into 'Super App' to Directly Compete with Apple and Google in Search Engine Markets
- Tue, 4:04 PM
- Get Your Crunchyroll Anime Fix on Your Mac
