Posted on 06/01/2006 12:27:33 PM PDT by nickcarraway
Is Intel about to rid itself of 16,000 workers - just over 16 per cent of its global workforce - later this month? So suggest whispers doing the rounds among Silicon Valley's technology community at the moment.
That's what blogger Omid Rahmat claims (http://omid.tomshardware.com/2006/05/intels_amd_mome.html?www.reghardware.co.uk) at least. It's certainly no secret that Intel is examining every part of its business for signs of under-performance - CEO Paul Otellini said as much in April this year.
"In terms of non-performing businesses, anything with a bracket will be looked at," he said. "It would be too simplistic to simply do a reduction in force," he added, surely implying the business review will come in addition to job cuts?
So far, Intel has closed down a research facility in Glasgow, and analysts have suggested it will drop its Flash memory and comms chip operations. In November 2005, Intel partnered with Micron to form a Flash-making JV in part to supply Apple with Flash chips.
According to a TGDaily report (http://tomshardware.com/tgdaily/?www.reghardware.co.uk), Otellini will speak to the troops on 15 June - a likely date, it suggests, for the redundancies announcement.
Intel currently employs around 99,900 people around the world.
Ping
thats a big 'chunk' to lay off at once
And of course, this has nothing to do with the AMD 64-bit devices kicking their butt...
Haven't heard anything yet.
I'd buy a ticket for that show!
Beginning of the next recession...? High tech usually leads the way... Sun is laying off 5000 (announced yesterday)...
How about looking at your processors, Intel? You guys havent' been on top since the Pentium III.
are they that good?
No, Intel is just losing its long held market share to AMD. Sun was toast a long time ago.
High tech is actually fairly strong right now and IT hiring is up...
They are quite good, and much lower priced than the Intel.
been meaning to try...
"They are quite good, and much lower priced than the Intel."
Yeah, Sony and Intel tried to ally together for sony to encourage their gaming users to use Intel instead of AMD.
But of course hardly anyone listened to them because Sony is even lower on the totem pole than Intel is.
Nothing like hooking your wagon to a crashing meteor.
I've heard rumors that the Folsom location is bracing for a round of corporate musical chairs.
Intel and Sun are 2 tech companies losing market share like crazy. AMD is displacing Intel on desktops and also servers (Opteron). Even Dell is going to start offering AMD Opteron chips in Dell's server options. Dell has long been Intel's bitch and only offered Intel for a long time.
Sun Microsystems has been irrelevant for awhile. It's hardware is too expensive, no one else codes for its SPARC processors anymore -- Microsoft and Linux both own the server market.
Good news ping! Get out there and getit!
"Intel about to rid itself of 16,000 workers" Women and minorities expected to be hit hardest ping.
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