Intel is expected to announce internally the results of its efficiency review on Sept. 5, a move that could result in thousands of layoffs.
The chip maker, which has already made a series of sweeping moves as part of the review, could cap the action by cutting 10,000 or more jobs, analysts have said. The company has about 100,000 employees.
Intel began the review and restructuring plan in April following missteps that battered its quarterly financials, saw its inventories rise and caused its market share to drop. All told, Intel has jettisoned its communications processor business, reorganized its Flash Memory Group, laid off 1,000 managers and shuffled its senior executive ranks, promoting senior executive Sean Maloney to chief sales and marketing officer, leading its Sales and Marketing Group.
The expected conclusion of the review on Aug. 31 sparked reports by The Wall Street Journal and online site News.com, which said Intel could cut somewhere between 10,000 to as many as 20,000 jobs.
View: Full Article @ eWeek.com
The chip maker, which has already made a series of sweeping moves as part of the review, could cap the action by cutting 10,000 or more jobs, analysts have said. The company has about 100,000 employees.
Intel began the review and restructuring plan in April following missteps that battered its quarterly financials, saw its inventories rise and caused its market share to drop. All told, Intel has jettisoned its communications processor business, reorganized its Flash Memory Group, laid off 1,000 managers and shuffled its senior executive ranks, promoting senior executive Sean Maloney to chief sales and marketing officer, leading its Sales and Marketing Group.
The expected conclusion of the review on Aug. 31 sparked reports by The Wall Street Journal and online site News.com, which said Intel could cut somewhere between 10,000 to as many as 20,000 jobs.
View: Full Article @ eWeek.com
I understand that. I was just saying that's kinda messed up to do to the people that helped you take the lead over AMD. You think they're gonna have to go hire some new people after a few months?
I know that when the company I work lays people off, we try to contact them and offer them a new position if one comes available, so it is possible that some of those people could be rehired in the future.
I know that when the company I work lays people off, we try to contact them and offer them a new position if one comes available, so it is possible that some of those people could be rehired in the future.
So you think they might be letting some go, to save some money only for a while? I guess to stock holders, saving money is as good as making money.
So you think they might be letting some go, to save some money only for a while? I guess to stock holders, saving money is as good as making money.
Well, if you were referring to Conroe/Allendale/Woodcrest/blah blah, then not really.
Article says it's dropping it's communications processors arm, which wouldn't really deal with Conroe.
If you were just referring to Intel's success overall, then I guess I can understand you. However, in business, you have to cut your weak points before they drag everyone down. Just how things work...
So you think they might be letting some go, to save some money only for a while? I guess to stock holders, saving money is as good as making money.
Well, if you were referring to Conroe/Allendale/Woodcrest/blah blah, then not really.
Article says it's dropping it's communications processors arm, which wouldn't really deal with Conroe.
If you were just referring to Intel's success overall, then I guess I can understand you. However, in business, you have to cut your weak points before they drag everyone down. Just how things work...
Yes.
Sucks.
Oh well, I'm going to Disneyland this weekend so I'm not going to think about it. I'll deal with it after I get back.
Good luck to all affected.
What I hope is with this comes price cuts, businesses upgrade, companies do more hiring, and those who have lost their jobs, get new ones quickly.
I do, however, am dismayed at the buck passing in regards to the itanium fiasco, quite frankly, if I were Intel, I'd kill off Itanium, and add many of the high end mainframe features, like MMUIO, chipkill etc. to the current x86 line up; the x86 may not be sexy, but you can add the necessary features to bring it up into line with the likes of SPARC and POWER without too much pain, and still maintain compatibility without needing to use horrid emulation (either in hardware or software).
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