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Intel CEO announces big restructuring

Posted on Saturday, April 29 2006 @ 10:16:11 CEST by

Last week Intel CEO Paul Otellini announced a widespread restructuring at a shareholder meeting.
On the heels of a 38 percent profit drop in first quarter profits last week and slowing sales growth in the personal computers market, Intel CEO Paul Otellini stated that there would be major changes in the company to improve efficiency. Otellini said Intel will look at ways of cutting costs per unit, increasing employee productivity and implementing immediate changes to underperforming business units over the next 90 days.
Otellini says the restructuring will focus on every aspect of Intel's operations, nothing will remain unturned or unlooked at. More info over at DailyTech.



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