Intel CEO announces big restructuring

Posted on Saturday, Apr 29 2006 @ 10:16 CEST by Thomas De Maesschalck
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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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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