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Intel To Lay Off 1000 Managers
sprash writes to mention a Forbes article about an Intel cost-cutting measure. In response to stiff competition from AMD, the company is laying off 1000 managerial positions. From the article: "In April, Intel reported a 38 percent drop in first-quarter profit as demand slackened for PCs and microprocessors from AMD continued to steal market share. That same month, Chief Executive Paul Otellini vowed to spend the next 90 days identifying underperforming business groups and cost inefficiencies in an effort to save the company $1 billion a year. He said he planned to make changes as his analysis progressed, rather than waiting until the end of his review."
AMD Lays Off 1000 Intel Employees
Just kidding, but I feel sorry for those people :( But having 1000 less managers will probably allow their employees to actually get some work done :)
http://religiousfreaks.com/I am reminded of an anecdote my father once told me, about the management policy in a large company where he worked.
One day, the management decided to call in the management consultants. In due course, a snappily-dressed 24-year-old strolled into the office where my father worked as leader of a team who were, essentially, the world's experts in their particular area of R&D.
My father is not a man who suffers fools gladly, and after the introductions, asked the 24-year-old in his tailored suit what he could offer by way of background, to help him guide a man with 20 years' experience in the industry to perform better.
"I have a degree," said the 24-year-old.
"That's interesting," said my father. "So do I."
"Mine's from Oxford," said the 24-year-old.
You can imagine the reaction...
If you disagree, post your argument. (-1, Overrated) isn't your personal censorship tool for views you don't like.
... 1,000 laid-off managers?
A good start.