Intel Corp. to cut 10,500 jobs - Yahoo! News
The same year that Apple computer completely converted its entire product line from PowerPC CPUs to Intel CPUs, Intel has announced it will make massive cuts of its workforce.
Ten percent of the companies workers will go.
Although such announcements usually cause a short term rise in a company's stock, this time Intel's stock price did the opposite. It dropped.
Intel's stock price has not been going that well overall for the past year.
Jordon Robertson, AP writer:
Ten percent of the companies workers will go.
Although such announcements usually cause a short term rise in a company's stock, this time Intel's stock price did the opposite. It dropped.
Intel's stock price has not been going that well overall for the past year.
Jordon Robertson, AP writer:
ntel said Tuesday it will eliminate 10,500 jobs %u2014 about 10 percent of its work force %u2014 through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring
posted by John Collins | 9:39 AM
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