Intel Layoffs Job Cut: plans to fire 6000 employees: Finance Trading Times

Intel Layoffs Job Cut: plans to fire 6000 employees

The news is not good for the employees of Intel Corporation, the largest chipmaker for PC and laptops. It is learnt that the company may go for a huge layoff, firing as manay as 6000 employees at various locations globally. Seems like the era of progress is over and we are completely into a big messy situation, where even blue chip companies are unable to keep their employees. The latest additon to the list of companies going for layoffs is the Intel. No one seems to be shielded from the effect of recession. It the Intel Company, which have decided to go for the layoff. Intel Layoffs
We had reported recently about the Intel Layoffs Job Cut and seens like the worst fears have come true.

How many employees will be fired in the Intel layoffs?
There could be around 6000 job cuts by the company. That will be around 10% of the global workforce of the company.

Will there be any plant closure by Intel
Yes. The company plans to close 3 of the "assembly test" facilities in Malaysia and the Philippines and will halt production at plants in Hillsboro, Ore., and Santa Clara, Calif., where older-style wafers were being produced, as per the news.

What is the total employee strength of Intel
As of now, Intel has 84,000 workers.

Which employees are affecteed by the Intel Layoffs
Many areas may be affected but primarily it will be manufacturing area where the jobs will be cut.

Which location of employees are affected by Intel layoffs?
Though there is no detail available about that, but corporate headquarters is in Massachusetts are definitely affected. However, it is possible that some employees may be offered alternate position at a different location, based upon the needs.

What are the primary reasons for Intel layoffs?
Intel is restructuring its operations in response to the decline of the global economy and its impact on consumer spending.

When will the Intel layoffs happen?
It is learnt that the job cuts will be made by the year end.

Any other news about Intel layoffs
Intel posted a whopping 90 percent decline in its fourth-quarter profit, hurt by declining demand for its microprocessors - the brains of PCs - amid the economic downturn.
Let's hope that alternative jobs are available to the affected employees of Intel Layoffs Job Cut
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1 Comment: Post your Comments

ssabir said...(on 22 January 2009 at 04:32 )  

Has anybody heard about Ordyn Technologies, telecom product company from bangalore laid off 200 people.

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