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.
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

Intel Layoffs Job Cut: may layoff employees

As per the news, Intel may be gooing for a massive layoffs or job cuts in the coming few months. The market experts predict this because of the deteriorating market conditions, dipping sales of Intel processors and worst economic outlook.


Though there are no confirm news from the company side, but these are market predictions by the market analyst which, given the market situation, seems to be quite possible.

How many employees may be laid off in Intel Layoffs?
Intel Corporation could be preparing to lay off as much as 10 percent of its work force.

What have been the financial results of Intel recently?
It is predicted that Intel may have to cut down on its fourth-quarter guidance for the second time, because the economic crisis has caused computer makers to sharply curtail the amount of processors they buy for those machines.

Friedman, Billings, Ramsey & Co. analyst Craig Berger wrote in a note to clients that "recent industry checks" suggest that Santa Clara, Calif.-based Intel is preparing a large work force reduction that could be as high as 8,300 employees, or 10 percent of its global staff.

ANy previous record of Intel Layoffs?
Yes. Intel did a layoff in 2006, when about 10500 jobs were cut as smaller rival Advanced Micro Devices Inc. was stealing market share and cutting deeply into Intel's profits in a bruising price war.

How much money can be saved from this Intel Layoffs?
Berger said Intel could save $1 billion a year from a new restructuring and by reducing or eliminating some raises and bonuses because of the company's performance.

Latest: Intel Confirms Plans to layoff 6000 employees

Let's hope that alternative jobs are available to the affected employees of Intel Layoffs Job Cut, if they happen.