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Jul 14, 2006, 10:40 AM
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#1 |
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Moderator
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Intel to Fire 1,000 Managers
Intel has announced plans to fire 1,000 managers in a bid to help the company save $1B USD. A number of investors were expecting to see as many as 15,000 employees axed worldwide. While Intel has seen some recent gains in the retail market, AMD has been surging in sales volume for the past year and Intel's shares have taken a nearly 30% nose dive since the start of the year.
Intel last thinned the herd in 2002 when it slashed 4,000 jobs. "You should expect that we will continue to take actions, including selective reductions, as we complete analyses and decisions about investments, expense levels and organizational structures. Over the last five years at Intel, the number of managers has grown faster than our overall employee population. Our efficiency analysis and industry benchmarking have shown that we have too many management layers, top to bottom, to be effective," said Otellini in a memo to employees. News of the job cuts comes just weeks after Intel announced that it was selling its Communications and Applications Processor business (i.e. XScale processors) to Marvell for $600 million. Intel has also been in the news recently over allegations of anti-trust violations in Germany. On a lighter note, Intel has also given us a peek at 32-core processors, the next generation of WiMAX and the company is set to announce its Core 2 Duo processors for the desktop. Source: Daily Tech |
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Jul 14, 2006, 11:19 AM
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#2 |
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1B USD divided by 1000 = $ 1000 000 USD per manager
Nice... managers at Intel earn 1 mil per year, about time Intel did something about that! |
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Jul 14, 2006, 11:27 AM
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#3 |
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not a suicide-bomber
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Intel is getting smarter...
 , who need 1000 managers anyways?
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[img disabled]http://apax.eveonlinekb.com/?a=sig&i=39051&s=zealot[/img] Last edited by pt; Jul 14, 2006 at 04:53 PM. |
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Jul 14, 2006, 04:07 PM
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#4 |
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Eligible for custom title
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replace teh managers with computers....
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Jul 15, 2006, 01:47 AM
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Banned
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Quote:
Let me rephrase that FOR you! Mainly because I see it, everyday, in the world of "Corporate America" & for MOST of my career in this field (spanning 2 decades now, mostly "ON" & in THIS FIELD in particular): replace the managers with (PEOPLE THAT ACTUALLY ARE USEFUL DOING ACTUAL PRODUCTION WORK, not moving the "paper from the right hand side of the desk-> to the left hand side of the desk") This field's LOADED with grossly incompetent people running people who do the actual work, yet these "managers" can't do the details of these jobs of those they manage themselves! To me? Well, I think that something's VERY wrong w/ that! (Mainly, Imo @ least, they MUST be getting jobs as mgt. or business/systems analysts because of WHO they know, & I can tell you, that largely? Many don't know enough in this field to say "WHAT THEY KNOW")... I guess life must be good, when you're related to the largest stockholder or cousin of the chairman of the board, eh? NEPOTISM (& things like it) - part of what's destroying the planet imo! APK P.S.=> IMO, the BEST MAN FOR THE JOB (one who is expert in ALL of the job @ hand's facets no less, so he can COMPETENTLY LEAD OTHERS), should get the job... & not the BEST BUDDY OF THE MAN THAT OWNS THE COMPANY FOR THE JOB! Personally, I am a BIG fan of "promote from within the ranks", not getting external & unproven commodities... especially ones with NO professional hands-on experience in the fields & details of those they manage... apk Last edited by Alec§taar; Jul 15, 2006 at 01:58 AM. |
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Jul 16, 2006, 05:36 AM
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#6 |
 
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I hate having to train new management. Stupid stupid... if I got asked to train my incoming boss I would quit the job.
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Jul 17, 2006, 09:43 PM
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#7 | |
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Banned
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GOOD POINT, & I would start questioning my loyalty to them
See subject-line/title, first:
Quote:
That, & I would ask them "Hey - why wasn't I awarded said position?" (assuming you are qualified for it, & NO, degrees don't do that & I think MOST of us know that - oh, they give you a 'basics/foundation' but many times very impractical & inapplicable know-how!) Yea, if that happened to me? I would be like "Time to put out the ole' resume & hit the headhunters, because apparently?? They don't value me, or don't like me & are about to 'phase-me-out'"... APK |
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