Intel in firing mode

By agencies   |   Friday, 21 July 2006, 07:00 Hrs
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BANGALORE: The quarterly results announced doom for Intel Corporation as its drop in profits has resulted in the laying of employees, including some in India.

With its worldwide sales dropping 13 percent, the world's largest computer chipmaker company has decided do away with around 15, 000 staffers worldwide.

The announcement, after firing around 1,000 managers, is likely to also include a considerable chunk from the company's 3,000-strong team in India.

Intel CEO Paul Otellini, in an internal memo sent to employees last week, said that the number of Intel managers was being reduced by about 1,000 after a sharp 57 percent plunge in Intel's second-quarter net profit and concerns over market share loss to rival chipmaker Advanced Micro Devices.

Recording a drop, the company's hiring plans according to Intel’s Asia-Pacific spokesperson Mark Miller don’t look to bright. "It is true that there are very few other job opportunities currently available, but this is across the company and not specific to India."

Stating that only managers from senior to first line were affected, The CEO added that "slow and ineffective decision, resulting, in part, from too many management layers" was a key problem that the company found in its efficiency.

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