"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.Read on over here.
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.
Intel to fire 1,000 managers
Posted on Friday, Jul 14 2006 @ 02:06 CEST by Thomas De Maesschalck