If you listen to Intel’s press releases, everything is rosy and with the launch of quad-core processors in the fourth quarter of this year, everything will be back to rights in the world. Too bad the approximately 10,000 employees to be laid off next Tuesday won’t be around to see it happen.
In a move that should help keep the wolf from the door, Intel will be laying off around 10% of its worldwide workforce. It’s been under the gun for some time now as AMD has hacked away at the legendary Intel market share (with growing success). Intel has already shown some execs to the one-way door and this newest move has to be seen as a measure made to appease its Wall Street critics. It certainly can’t hurt the bottom line, which has been about as healthy as President Bush’s approval rating.
The big question is: Will this be enough?
My guess is that Intel’s in for more rough weather. AMD’s growing popularity isn’t something that can be cured by cutting staff jobs.
[tags]intel,amd,wall street,layoff,quad-core processor[/tags]