*NEWS*MASSIVE JOB CUTS EXPECTED @ INTEL !

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*NEWS*MASSIVE JOB CUTS EXPECTED @ INTEL !

 user 2006-09-05 at 11:40:00 am Views: 48
  • #16382

    Massive job cuts expected at Intel
    Intel
    chief executive Paul Otellini is expected to announce a massive layoff
    as soon as Tuesday that could eliminate as many as 10,000 jobs.The
    chipmaker, having suffered several financially disappointing quarters,
    launched an internal analysis in April to find ways to increase its
    efficiency. Otellini is scheduled to announce the results of the
    analysis, including the layoff, on Tuesday after the stock market
    closes, sources familiar with the plans said.Intel has about 100,000
    employees worldwide, so the cut could be as high as 10 percent of the
    company’s staff.The job cut is likely to weigh particularly heavily on
    marketing staff. Intel studies comparing its own staffing levels to
    competitors’ concluded that the ratio of marketing personnel to
    salespeople was too large, the sources said.The expected cuts won’t be
    the first big change in sales and marketing. That group previously was
    led jointly by Eric Kim and Anand Chandrasekher, but in July they moved
    to different roles and Sean Maloney was appointed sole leader.Intel
    declined to comment on the layoff plan. The company has committed to
    announcing the analysis results by the end of September, spokesman
    Chuck Mulloy said, but added, “We have not communicated publicly what
    the plans are with respect to that”.Most companies would love to have
    Intel’s financial results — for example, the $885m in net income and
    $8bn in revenue the company reported for the second quarter. But
    compared with the previous year, that net income figure was a 57
    percent drop and the revenue a 13 percent drop. And Intel has had to
    warn of lowered financial results.Part of the problem is the fact that
    the chipmaker has lost share to rival AMD, in particular in the server
    market where chips are sold at higher prices. AMD rose from having no
    server products three years ago to claim 26 percent of the x86 server
    processor market in the second quarter, according to Mercury Research.
    AMD now sells chips to all of the four major server makers.Intel hopes
    to reclaim its share with new Xeon server chips such as Woodcrest and
    Tulsa. It’s also been fighting back with competitive Core processors
    for personal computers, aggressive chip prices, and plans for quickly
    introducing new technology.