DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
November 13, 2018 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 188 people online.

 

Latest Reviews
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
 

Follow us
RSS
 

Layoffs looming at Intel amidst PC sales slump?

Posted on Thursday, June 11 2015 @ 13:26:15 CEST by


Intel logo
A leaked internal memo reveals Intel is planning to cut its research and administrative budget by $300 million this year. It's unknown how many jobs will be affected but if the news is correct, cuts will begin June 15 and conclude one month later.

A list of affected employees was reportedly finalized on May 29 and the main criteria are said to be employee ratings in the firm's annual review process and other performance evaluations. The memo explains the chip giant wants to keep expenses flat in response to disappointing sales.
"This means that we'll prioritize investments, slow down hiring, and drive other efficiencies, including a performance-based involuntary separation package," reads the memo, which was just distributed to Intel managers.

The memo doesn't specify how many people will lose their jobs, but said the cuts will begin June 15 and conclude one month later. It indicates Intel has already identified employees who will lose their jobs, but hasn't notified them.

"We need to reduce overall spending for the second half of the year," the memo reads. "Some of this will come from reductions in employment and some from other spending cuts. Employee reductions will vary by business group."
Here is a chart showing the fluctuation in Intel's global workforce since 2000:

Intel workforce

Source: Oregon Live



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2018 DM Media Group bvba