Intel to lay off 1,000 managers--more to come

Iria · Jul 13, 2006, 06:44 PM

Source: Processors Blog (News.com)
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Intel CEO Paul Otellini has finished his review of the company's operations and he's not a happy man.

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.

Jul 13, 2006, 06:44 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Intel to lay off 1,000 managers--more to come Source: Processors Blog (News.com) __________ Intel CEO Paul Otellini has finished his review of the company's operations and he's not a happy man. 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.