Intel Reportedly Prepaying Layoffs - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
IT Life

Intel Reportedly Prepaying Layoffs

Intel is looking to save $300 million amid declines in PC sales.

SAN FRANCISCO — Intel may cut an untold number of research an administration positions, according to an internal memo obtained by The Oregonian/OregonLive. Following a reduced revenue outlook for 2015, the chip company could aim to cut its budget by $300 million.

The memo was distributed to Intel managers and stated that the company will “prioritize investments, slow down hiring, and drive other efficiencies, including a performance-based involuntary separation package.” Cuts will begin June 15 and conclude one month later for an unspecified number of people, the Oregonian reported. Intel has roughly 106,000 employees worldwide.

Intel declined to comment on the layoffs. The company reported record revenues in 2014 and flat year-over-year revenues in the first quarter of 2015, due in part to a decrease in demand for PCs.

Read the rest of this article here on EE Times.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Whoopty
50%
50%
Whoopty,
User Rank: Ninja
6/12/2015 | 7:38:27 AM
Odd
This seems like odd timing, since Intel is making such a big push at the moment to not only make the desktop relevant again, so it can encourage PC sales, but also push itself into the wearable and small-form-factor electronics game. 

That's not going to happen if it scales back by a significant margin. Streamlining is one thing, but I'd be worried it would lose some of its competitive edge, which has already slipped away in recent years - apart from in desktop CPU performance. 
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Commentary
If DevOps Is So Awesome, Why Is Your Initiative Failing?
Guest Commentary, Guest Commentary,  12/2/2019
White Papers
Register for InformationWeek Newsletters
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Slideshows
Flash Poll