Intel To Lay Off 1000 Managers

sprash writes to mention a Forbes article about an Intel cost-cutting measure. In response to stiff competition from AMD, the company is laying off 1000 managerial positions. From the article: "In April, Intel reported a 38 percent drop in first-quarter profit as demand slackened for PCs and microprocessors from AMD continued to steal market share. That same month, Chief Executive Paul Otellini vowed to spend the next 90 days identifying underperforming business groups and cost inefficiencies in an effort to save the company $1 billion a year. He said he planned to make changes as his analysis progressed, rather than waiting until the end of his review."

Headline should read...

[gasmonso]

AMD Lays Off 1000 Intel Employees

Just kidding, but I feel sorry for those people :( But having 1000 less managers will probably allow their employees to actually get some work done :)

http://religiousfreaks.com/ [religiousfreaks.com]

Lumberg

[crhylove]

So how much time do you spend a day on these TPS reports?

Snark

[ewhac]

Do the people left behind get bigger cubes?

Seriously. The Folsom facility is a sea of nothing but 6*8 cubes. It's completely cheerless. Those people really should have more space.

Schwab

Re:Where are those anti-trust advocates now?

[WilliamSChips]

Cyrix was bought by Via. And I'm pretty sure Transmeta no longer exists. But anyways, people like dada like to pretend that capital magically comes to you with the Capitalism Fairy or something.

*Steal* market share ?

[alexhs]

microprocessors from AMD continued to steal market share

First AMD stole Intel instruction set, and now they're stealing Intel market share !

When will they be ordered to hand them back ?

Re:Unlike other companies...

[jd]

You work for NASA?

It's the Apple curse

[Biff Stu]

Apple purchased processors from Motorola. Their processors couldn't keep up with competition. Every time Motorola had a promising new design, the processors started out like gangbusters and then went nowhere. Then Apple switched to IBM; their consumer processor efforts flopped. Now they're with Intel and look at what's happening.

not like managers do much anyway

[Anonymous Coward]

good to see them starting somewhere in the middle instead of at the bottom, where tha actual work is done.

but who will make sure the TPS reports get filed?

The wisdom of elders

[Anonymous Brave Guy]

I am reminded of an anecdote my father once told me, about the management policy in a large company where he worked.

One day, the management decided to call in the management consultants. In due course, a snappily-dressed 24-year-old strolled into the office where my father worked as leader of a team who were, essentially, the world's experts in their particular area of R&D.

My father is not a man who suffers fools gladly, and after the introductions, asked the 24-year-old in his tailored suit what he could offer by way of background, to help him guide a man with 20 years' experience in the industry to perform better.

"I have a degree," said the 24-year-old.

"That's interesting," said my father. "So do I."

"Mine's from Oxford," said the 24-year-old.

You can imagine the reaction...

What do you call...

[IceFoot]

... 1,000 laid-off managers?

A good start.

Re:10% cut?

[Black Art]

So, the 1,000 managers will be followed by some 9,000 more, for a total of about 10% of the workforce - if the predictions / estimations are correct. If so, then this is very significant.

I believe the Romans called this Decimation [wikipedia.org].

the easy way to do it

[maxpublic]

If Intel wants to get rid of the sub-standard dead weight it's managed to accumulate over the years, all they need to do is ask their employees to spell the word "lose". Those who spell it "loose" are the obviously morons and can be shit-canned right on the spot; in fact, getting rid of these idiots will probably improve the performance of the company dramatically.

Max