Intel Expected to Lay Off 10,000 Employees

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More job cuts in an effort to boost profits and efficiency


According to reports, Intel could be announcing a major job slashing campaign as close as next Tuesday. In fact, as many as 10,000 jobs are expected to be eliminated, equating to roughly 10% of Intel's entire global staff force. Intel has been conducting internal audits and analysis about itself since April of this year. The company commented that it had found itself to be lacking in efficiency in many areas, mainly in sales and marketing. Intel mentioned that its ratio of sales to marketing staff was too high, and it's likely the majority of the jobs being cut will be from marketing.

Intel's CEO Paul Otellini is expected to announce the results of the internal analysis this Tuesday, after stock markets close. Although current details of the layoffs are scarce, Intel mentioned that layoffs are expected. The company overall did not perform well financially in the last several quarters. Although news of upcoming processor releases and the release of Core 2 processors was a magnificent marketing boon for Intel, the company still faces challenges.

DailyTech previously reported that Intel gave roughly 1,000 managers the pink slip in an effort to improve company efficiency -- "too many chiefs and not enough Indians" as Danny Hsu, General Manager of Tyan said. Intel this year sold its Xscale processor division to Marvell. The Xscale series was a successful line of processors for hand-held devices. Intel's media and signaling division also flew the coop earlier this year. Eicon purchased the division from Intel.


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