Friday, September 01, 2006

Intel to lay off Thousands

In a move to try and increase profits against AMD, Intel announced today that they are slashing an estimated 10% of their workforce. For a company with 100,000 employees, that means roughly 10,000 people will be unemployed. That is not good news for those people and ultimately won’t translate into better pricing for the consumer. Besides upper level executives, who exactly do these cuts benefit?

Source: Slashdot

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