Report: Intel to reduce workforce by 5% this year


The cuts will come through a combination of layoffs, attrition, and other means, reports Reuters.

The news comes following last night's earnings report and cautious guidance.

INTC remains lower by 3.6%.

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Comments (11)
  • Bill Maurer
    , contributor
    Comments (7445) | Send Message
     
    The company told one of the analysts that they would be downsizing, but they didn't provide numbers. Would certainly help as their employee count keeps rising. They can't spend $200 million a quarter on restructuring and another $19 billion on operating expenses and hope to boost profits in a flat revenue environment.
    17 Jan 2014, 03:20 PM Reply Like
  • Alex Cho
    , contributor
    Comments (2747) | Send Message
     
    Bill has a good point.
    17 Jan 2014, 08:14 PM Reply Like
  • 8001381
    , contributor
    Comments (20) | Send Message
     
    14 nm start up scheduled for Ireland this year. IS this being pulled perhaps? If they are not going to start in F42 surely they are not going to start in a non-US location
    17 Jan 2014, 03:22 PM Reply Like
  • Douglas E. Johnston
    , contributor
    Comments (1773) | Send Message
     
    isn't F42 in Roswell, New Mexico? I heard they weren't starting due to illegal alien labor disputes. ok, time for happy hour
    17 Jan 2014, 03:54 PM Reply Like
  • 8001381
    , contributor
    Comments (20) | Send Message
     
    Someone is happy to see Intel crash and burn.
    17 Jan 2014, 04:39 PM Reply Like
  • techy46
    , contributor
    Comments (12073) | Send Message
     
    This is really good news for Intel. This means Intel thinks they can manufacture more efficiently with larger wafers and fewer employees which all goes to support less costs per transistor then competition which was mentioned several times in earnings call.
    17 Jan 2014, 05:30 PM Reply Like
  • thesahibzada
    , contributor
    Comments (747) | Send Message
     
    Automation in assembly line and advanced robotics tech. is going to help INTC in this competitive market now.... they had better invest their money wisely as they can no longer afford any mistakes.

     

    If 1 robot could replace 5 employees then why not..... from an investor stand point it makes total sense

     

    And robotics is not new tech... its the current trend.... INTC slogan is all about the future.... well they better set the trends before anyone else.

     

    they can not afford to screw up..... so its good they are shedding workforce by 5%.... should be more like 25% imo
    17 Jan 2014, 11:35 PM Reply Like
  • justaminute
    , contributor
    Comments (1816) | Send Message
     
    I wonder if the robots have Intel Inside?
    17 Jan 2014, 11:39 PM Reply Like
  • trader_xx
    , contributor
    Comments (1498) | Send Message
     
    INTC has something like 107,000 employees while QCOM has around 30,000 and APPL has 50,000.... INTC's overhead is huge, 5% isn't going to mean much, unless of course its 5% of its management team, which would be a start...
    18 Jan 2014, 09:14 AM Reply Like
  • Rose_Colored_Glasses
    , contributor
    Comments (1113) | Send Message
     
    @ Trader -
    I think it will be like 0% of upper mgt.
    18 Jan 2014, 11:23 AM Reply Like
  • Chiipy-Nostradamus
    , contributor
    Comments (100) | Send Message
     
    107000 employees !! Kingdom building at its best ! What were they thinking ?
    19 Jan 2014, 05:15 AM Reply Like
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