Intel to fire 1,000 managers

Posted on Friday, Jul 14 2006 @ 02:06 CEST by Thomas De Maesschalck
Intel will start cutting about 1,000 manager jobs worldwide as part of its plan to become more competitive:
"This step is important because it addresses a key problem we've found in our efficiency analysis: slow and ineffective decision-making, resulting, in part, from too many management layers," Chief Executive Paul Otellini told employees in a memo sent out Thursday and seen by CNET News.com.

Intel spokesman Chuck Mulloy confirmed the layoffs Thursday, saying they would "both reduce costs and improve decision-making and communications." He didn't disclose the financial costs or benefits of the cuts, but said Intel plans to share more details July 19 when it discusses financial results for the last quarter.
Read on over here.


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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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