Intel to Lay Off Thousands

symbolset writes to say that "Intel is expecting to lay off 10% of their workforce in a move to become more competitive against rival AMD. From the article: 'The Santa Clara, Calif.-based chipmaker, having suffered several financially disappointing quarters, launched an internal analysis in April to find ways to increase its efficiency. [CEO Paul] 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.' Coverage also at The Register, internetnews.com, and more as it develops at Google News. Reuters has the number at up to 16,000."

Comments

Brilliant...

[Mayhem178]

What do they think those 10% of people (i.e. lots) are gonna do? Smile, take it in the rump, and bid them good day? A bunch of them are gonna end up working for AMD, and I'm sure they'll be happy to have people with experience at Intel. Non-compete clauses don't last forever.