Intel to lay off 16,000 employees - sources

Iria · May 31, 2006, 11:41 PM

Source: TG Daily
__________
Westlake Village (CA) and Chicago (IL) - Intel chief executive officer Paul Otellini had announced last month that Intel would go into the most extensive self re-evaluation phase in 20 years. Now, first indications of the impact of this process begin to surface: According to industry sources, the company may lay-off or "re-deploy" up to 16,000 employees - which is more than 15% of its global workforce.

Omid Rahmat was first to report about Silicon Valley rumors in his blog this morning, referring to industry sources. "Rumors are a leapin' around Silicon Valley that Intel may end up laying off 16,000 people, and getting rid of a bunch of marketing initiatives, Viiv the unpronounceable being rumored to be one destined for the death knell," he writes.

May 31, 2006, 11:41 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Intel to lay off 16,000 employees - sources Source: TG Daily __________ Westlake Village (CA) and Chicago (IL) - Intel chief executive officer Paul Otellini had announced last month that Intel would go into the most extensive self re-evaluation phase in 20 years. Now, first indications of the impact of this process begin to surface: According to industry sources, the company may lay-off or "re-deploy" up to 16,000 employees - which is more than 15% of its global workforce. Omid Rahmat was first to report about Silicon Valley rumors in his blog this morning, referring to industry sources. "Rumors are a leapin' around Silicon Valley that Intel may end up laying off 16,000 people, and getting rid of a bunch of marketing initiatives, Viiv the unpronounceable being rumored to be one destined for the death knell," he writes.