Intel to Lay Off Thousands 266
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."
Word is... (Score:2, Funny)
Re:Hopefully not by email (Score:3, Funny)
"ZOMG! The socket 7 chip on the motherboard isn't GenuineIntel! Don't let it POST!"
That little bit of Intel "class" is why I've gone AMD-only to begin with.
Is this how companies compete now? (Score:5, Funny)
Back in my day, we remained competitive by building a superior product at an affordable price, up-hill both ways!
/get off my lawn
Deff (Score:4, Funny)
-Grey [wellingtongrey.net]
WTF? (Score:3, Funny)
Re:Intel will beat down AMD (Score:3, Funny)
Um, here's the relevant quote from TFA:
Marketing staff are a necessary evil. They are super important when there's not really much difference between your product and your competitors' (Pepsi vs. Coke, GM vs. Ford, Coors vs. Aquafina, etc.), but they are less important when there is. With the buzz about the Core2Duo chips, the sales staff doesn't need as much razzle dazzle from the marketers, so they're cutting that staff.
They'll probably tell the excess marketing staffers some story about a giant space goat, and put them on a spaceship, along with the telephone sanitizers.