Intel Prepares to Slash 2,000 More Jobs
Savings from Intel's work force cut are unlikely to lower desktop and notebook prices.Intel plans to cut an additional 2,000 jobs from its payroll to cut costs, executives announced Oct. 16 after an earnings report that showed both income and margins up in the third quarter of 2007. CEO Paul Otellini and executives told analysts and reporters during a conference call Oct. 16 that the Santa Clara, Calif., company expects to save about $1 billion in 2008 on payroll cuts and a switch from the 65-nanometer processors to the new 45-nanometer processors, which are cheaper to manufacture.
The strategy of reducing and saving began in 2006, when Intels employee roster stood at about 94,000. It now stands at 88,000.