Intel gets ready to axe 1000 managers

By Justin Mann on July 13, 2006, 1:28 PM
Intel is making some large cuts to its staff, particularly in its management. It seems that the paper-pushing side of the company isn't performing as well as the high-ups would like, resulting in some seriously large staff readjustments:

The company will lay off 1,000 managers. This will combat "slow and inefficient decision making" at the company, he said in an internal memo issued inside the company earlier today. More layoffs could come. The memo says it's only a first step in the process to making Intel more competitive.
Intel has been seeing an increasingly large amount of competition, especially from AMD. Currently, they have over 100,000 employees worldwide, and it appears that some investors wish to see that cut back to 90,000 or even 85,000. Whether or not that will make Intel more “efficient” remains yet to be seen.




User Comments: 2

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mirob said:
[url=http://www.theinquirer.net/default.aspx?article=32991]AMD too is cutting 1000.[/url] This is a [url=http://www.techspot.com/vb/topic51984.html]price war[/url], and it's starting to some hurt people. 3 months pay after being caned isn't too bad.[Edited by mirob on 2006-07-13 20:28:46]
zephead said:
the 'slow and inneficient decision making' as they call it has already done its damage anyways.
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