Intel Slashes Work Force

Sadighi, Lalee
January 2009
Red Herring;1/22/2009, p2
Trade Publication
The article reports that Intel will be reducing its labor force by 5,000. In an effort to try to cope with a worldwide recession, the Santa Clara, California-based computer chip maker said it will shutter a number of facilities. On the other hand, Intel chief executive officer (CEO) Paul Otellini blamed slowing demand for PC chips on the company's profit slide.


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