/javascript" src="../static/js/analytics.js"> CalTrade Report - INTEL MAY LAYOFF THOUSANDS CalTrade Report, high technology, Intel, California international, California global, Advanced Micro Devices, computer chips - INTEL MAY LAYOFF THOUSANDS - CalTrade ReportAsia Quake Victims SANTA CLARA – 09/04/06 – Chipmaker Intel is reportedly planning to announce a massive layoff within weeks that could eliminate as many as 10,000 jobs or one-tenth of the company’s total global workforce; the move was spurred by several financially disappointing quarters and the results of an internal corporate analysis conducted in April. - SANTA CLARA – 09/04/06 – Chipmaker Intel is reportedly planning to announce a massive layoff within weeks that could eliminate as many as 10,000 jobs or one-tenth of the company’s total global workforce; the move was spurred by several financially disappointing quarters and the results of an internal corporate analysis conducted in April. - INTEL MAY LAYOFF THOUSANDS CalTrade Report, high technology, Intel, California international, California global, Advanced Micro Devices, computer chips - INTEL MAY LAYOFF THOUSANDS

Saturday, October 28, 2006

 

Become a CalTrade Member--It's Free!
Front Page
Page Two
PR Newswire
Opinion
Profiles
Trade Leads
Calendar
Mission
Editor
Press Releases
Partner Orgs
Advertise Opp.
Contact Us
Int.Time Clock
Currency Calc
Cal Links
Free Services


Our Car

Page Two

E-mail PagePrint Version



INTEL MAY LAYOFF THOUSANDS

SANTA CLARA – 09/04/06 – Chipmaker Intel is reportedly planning to announce a massive layoff within weeks that could eliminate as many as 10,000 jobs.

According to industry sources and several; press reports, the move was spurred by several financially disappointing quarters and the results of an internal corporate analysis conducted in April to find ways to increase efficiency and reduce expenses. 
 
Intel has about 100,000 employees worldwide, so the cut could be as high as 10% 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 company declined to comment on the layoff plan, but it said that it 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."

Intel reported $885 million in net income and $8 billion in revenue the company reported for the second quarter. But compared with the year earlier, that net income figure was a 57% drop and the revenue a 13% drop.

Part of the problem, the sources say, revolve around the chipmaker’s loss of marketshare to rival Advanced Micro Devices (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% 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 has said it hopes to reclaim its share with new Xeon server chips such as Woodcrest and Tulsa with the company fighting back with competitive Core processors for personal computers, aggressive chip process, and plans to more speedily introduce new technology. 

Earlier this year, the company realigned its top executive ranks and laid off 1,000 managers to speed the decision-making process.

In June, it sold its Xscale communications and applications chip business to Marvell Technology Group, reducing its work force by 1,400 positions, and spun off its telecommunications business to Eicon Networksin in August, trimming another 600 jobs.

Go back, or read the latest Page Two stories:

MEXICO LIFTS CALIFORNIA LETTUCE BAN

MEXICO CITY, Mexico – 10/20/06 – The weeks-old ban on California lettuce shipments to Mexico has been lifted after US Department of Agriculture tests for the E. coli bacteria proved negative; California is the country’s leading producer of lettuce with an estimated 70-75% of the total US production of iceberg lettuce and between 80-85% of the leaf lettuce.


NAPSTER ENTERS THE JAPANESE MARKET

LOS ANGELES – 10/16/06 – Napster, the digital music service provider, has entered the Japanese market with the introduction of a new subscription model that allows subscribers, who until now acquired digital music by paying for each track and album individually; currently, Japan is largest music market in the world outside of the US.


GUESS? IN NEW MEXICAN JV

SAN FRANCISCO – 09/29/06 – Fashion marketer Guess? has inked a manufacturing and marketing joint venture agreement with Mexico’s Grupo Axo; the Mexico City-based company will engage in the production, wholesale distribution and retail sale of Guess? fashion apparel, accessories and other related products throughout the country.


GOOGLE BELGIUM TAKEN TO COURT

BRUSSELS, Belgium – 09/20/06 – Internet search engine Google has been ordered to cease reproducing articles from French-language publications in the news sections of its Belgian website; the court order threatens the company with a fine of $1.3 million daily if it does not comply.


NEW OAKLAND INTERMODAL FACILITY PLANNED

OAKLAND – 09/11/06 – The 425-acre former Oakland Army Base will be converted into the Port of Oakland’s newest intermodal rail yard under the terms of an agreement reached between the port and several local and state government agencies; the planned OHIT – or Outer Harbor Intermodal Terminal – is expected to significantly reduce container transfer times, increase throughput, and reduce truck traffic in and around the port when completed within the next several years.



 



 


Web Design & Development by Turn-It-Digital in Los Angeles