Intel is speculated to Lay-Offs 20% of its workforce

[videopho]

News

"Intel Chief Executive Paul Otellini told financial analysts in April that the company would start restructuring efforts in an attempt to refocus on core chip operations and revive growth. Intel is betting on a product overhaul and PC price cuts to stave off market losses to AMD. "

 

[Markfw]

Wow, and I just told my dad to buy Intel. I figured the new processors would be a hit in 3-6 months

I hope he doesn;t kill me.

 

[TuxDave]

Originally posted by: Markfw900
Wow, and I just told my dad to buy Intel. I figured the new processors would be a hit in 3-6 months

I hope he doesn;t kill me.

Layoffs usually do well for stock prices.

 

[videopho]

I concur and let's pray it be the case since I'm one of its shareholders 🙁

 

[zephyrprime]

The worst is over for intel investors I believe. There is going to be a good entry point soon.

 

[Conky]

Originally posted by: TuxDave

Originally posted by: Markfw900
Wow, and I just told my dad to buy Intel. I figured the new processors would be a hit in 3-6 months

I hope he doesn;t kill me.

Layoffs usually do well for stock prices.

That's what I was gonna say, hehe

 

[Ausm]

Originally posted by: TuxDave

Originally posted by: Markfw900
Wow, and I just told my dad to buy Intel. I figured the new processors would be a hit in 3-6 months

I hope he doesn;t kill me.

Layoffs usually do well for stock prices.

Indeed, I just bought Intel myself.


Ausm

 

[DrMrLordX]

http://www.dailytech.com/article.aspx?newsid=4033

I heard 10k employees, mostly from marketting. Looks closer to 10% of their total staff.