Up to 10,000 Intel staff facing the axe
Word started circulating back in June that Intel planned to can as many as 16,000 employees from its 100,000-strong work force. Since then, Intel's biggest layoff has been 1,000 managers in mid-July, and the successive sales of the company's XScale and media/signaling businesses eliminated another 2,000 staff. Now, CNet's sources say Intel plans to announce mass firings of as many as 10,000 employees next Tuesday. The cut, which would represent up to 10% of Intel's total work force, might "weigh particularly heavily" on marketing staff. Intel studies reportedly found that the company's ratio of marketing employees to salespeople was too high compared to its competitors, so CNet reckons a fair number of reductions could take place in that area.