Intel Could Cut 6,000 Jobs
Intel announced this morning that it will cut an estimated 5,000 – 6,000 employees to streamline its operations. The cuts are going to be global, affecting a number of its manufacturing plants including Fab 20 in Hillsboro, Oregon; test facilities in Penang, Malaysia and Cavite, Philippines; and the D2 facility in Santa Clara, California.
Intel says that some of the employees at these plants may be offered new positions inside the company, bringing that 5,000 – 6,000 number down a bit lower.
Today’s revelation is an exclamation point that technology, video games and even the movie industry 0 sectors often considered recession proof are not resistant to the serious global financial crisis that has not yet found rock bottom.
Intel joins Microsoft, Sony, Samsung, Nokia, EA, Eidos, AMD and many other companies that have announced serious job cuts to deal with declining sales, a lack of credit and a less than friendly financial atmosphere.
