Linked by Thom Holwerda on Tue 5th Sep 2006 21:38 UTC
Intel announced plans Tuesday to lay off thousands of workers over the next year after a strategic review designed to prepare the company for life with a smaller share of the chip market. The layoffs primarily hit the marketing and information technology departments. The company said it will have 10500 fewer employees by the middle of 2007, as compared to its headcount at the end of this year's 2nd quarter.
Thread beginning with comment 161131
To read all comments associated with this story, please click here.
To read all comments associated with this story, please click here.
Member since:
2006-09-10
Even if the execs take pay cuts, so what. They make enough as it is, even a 25% cut won't hurt them. Take 25% away from the lower workers and they'd be hurting real bad.