Intel set to cut 10,000 jobs

Posted by Richard Koman - September 1, 2006

Intel (an SVW sponsor) is preparing to cut as many as 10,000 jobs, News.com is reporting.

The job cut is likely to weigh particularly heavily on marketing staff. Intel studies comparing its own staffing levels to competitors' concluded that the ratio of marketing personnel to salespeople was too large, the sources said.

The cuts are part of a huge internal review embarked on last April. Intel apparently concluded that its marketing staff was bloated compared to other companies'. The review has already resulted in the sell-off of Intel's telecom and XScale chip businesses, the layoff of 1,000 managers and the reshuffling of top management.