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Intel takes axe to 1,000 managers worldwide

INTEL CONFIRMED an earlier INQ story saying 1,000 plus jobs would be cut at the company, but the redundancies are only for managerial positions, the firm said.

INTEL CONFIRMED an earlier INQ story saying 1,000 plus jobs would be cut at the company, but the redundancies are only for managerial positions, the firm said.

The firm reports its quarterly earnings next week, and declined to say whether more jobs were on the line.

A senior representative at Intel told the INQ that the firm informed its employees of the reduction in 1,000 managers worldwide this morning. “Only managers are affected by this action,” he said.

The move is part of CEO Paul Otellini’s review, which is expected to be complete by the end of July, as we noted before. The representative said that the action was part of the restructuring Intel announced it would make in April.

It doesn’t take a genius to figure out that if Intel is making managers redundant, other, lower echelons, will be affected too. The representative would not comment on that, but said an announcement about today’s changes would be made at its quarterly earnings call next week.

AMD has yet to declare what it’s going to do about its Geode folk.

TeamVR
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