Intel to do huge restructuring

Malloy said that this will be a careful, strategic, data-driven restructuring, where every segment of the company is under analysis, although he later stated there would be a few aspects of the company's plans that would not be changed. Intel wants to avoid what he called a "knee-jerk" reaction to rising corporate expenses, akin to a situation we mentioned in one of our questions: the recent General Motors restructuring, which led to the closing of factories in Oklahoma City and elsewhere, and layoffs of tens of thousands.