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Intel slashes 1,000 jobs

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Strategy & Planning
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paul otellini
Intel
Layoffs
amd
cost cutting
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As part of its already-announced cost-cutting initiative, Intel is prepping to layoff off 1,000 corporate managers across its global operations. CEO Paul Otellini says the heavy layer of management currently in place slows decision-making and business response to market and customer needs. And the vendor's leader warns it could just be the first wave of layoffs as Intel scrambles to save money and regain some industry traction against fierce competition from AMD.

For more on Intel's cost cutting efforts:
- read this article at CNet News.com

PLUS: What other market players are doing to grab marketshare. Article