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Intel Swings Job Ax
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Updated from Sept. 5
Intel(INTC Quote) announced restructuring plans Tuesday that it says will save the company $2 billion in 2007 and $3 billion in 2008.
The move will reduce Intel's workforce by roughly 10% by the middle of next year from the 102,500 employees on the Santa Clara, Calif., company's payroll at the end of the second quarter.
According to Intel, the company's headcount will come down to 95,000 by the end of this year, and roughly 92,000 by mid-2007. ...
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