Intel culls management
- Scott Hillis in San Francisco, AustralianIT, JULY 14, 2006
http://australianit.news.com.au/articles/0,7204,19785111%5E15316%5E%5Enbv%5E,00.html
“INTEL will lay off 1000 managers, or about 1 per cent of its work force, as it seeks to tries to restart profit growth amid heated competition with rival AMD.”This action is designed to both reduce costs and improve communications and decision-making across the company,” Intel spokesman Chuck Mulloy said.”
Interesting thing about this is that the reduction of 1000 managers will apparently “reduce costs and improve communications and decision-making across the company.” Doesn’t say much if you’re one of the culled managers.
Categories: Management, Strategy, Technology
