Intel plans to cut 1,000 employees

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It has been reported that Intel intends to take active measures to make their flash memory business more profitable. To this end the company will be letting go up to 1,000 workers from their New Mexico fabrication plant for (kind of outdated) 135nm flash chips.

"We've been working hard to get the flash business profitable. So we made the decision to curtail production of our 135 nanometer products. This relates to bringing our costs under control because there is not sufficient demand to support that production," said Intel spokesman Chuck Mulloy.
Mr. Mulloy also mentioned that the lay-offs are not directly related with the restructuring that Paul Otellini announced last year, but the decision is “very consistent” with the CEO’s goals for the company.

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