Intel May Cut As Many As 10,000 Jobs
Posted by Matt Beauvais - Thursday August 31, 2006 10:20 PM EST Source: CNET News
Intel could be announcing a cut in up to 10% of its work force as early as next Tuesday. The cut could be a result of a few disappointing financial quarters, and is likely to affect those who work in the marketing department. Intel's reason is that the marketing personnel to salesperson ratio is disproportionate to its competitors.
"Part of the problem: The chipmaker has lost share to rival Advanced Micro Devices, in particular in the server market where chips are sold at higher prices. AMD rose from having no server products three years ago to claim 26 percent of the x86 server processor market in the second quarter, according to Mercury Research. AMD now sells chips to all of the four major server makers."
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