• We've upgraded our forums. Please post any issues/requests in this thread.

Intel Announces Restructuring to Reduce Costs and Operating Expenses.

Joined
Jan 29, 2006
Messages
9,066 (2.09/day)
Likes
287
Location
My house.
Processor AMD Athlon 64 X2 4800+ Brisbane @ 2.8GHz (224x12.5, 1.425V)
Motherboard Gigabyte sumthin-or-another, it's got an nForce 430
Cooling Dual 120mm case fans front/rear, Arctic Cooling Freezer 64 Pro, Zalman VF-900 on GPU
Memory 2GB G.Skill DDR2 800
Video Card(s) Sapphire X850XT @ 580/600
Storage WD 160 GB SATA hard drive.
Display(s) Hanns G 19" widescreen, 5ms response time, 1440x900
Case Thermaltake Soprano (black with side window).
Audio Device(s) Soundblaster Live! 24 bit (paired with X-530 speakers).
Power Supply ThermalTake 430W TR2
Software XP Home SP2, can't wait for Vista SP1.
#1
Intel today announced plans for restructuring following an analysis of the company's structure and efficiency. As a result of the restructuring, the company expects to generate savings in costs and operating expenses of approximately $2 billion in 2007. In 2008 the company expects savings from this restructuring to grow to approximately $3 billion annually. The savings are a combination of non-workforce related steps and a significant reduction in Intel's workforce. The company's employee population will decline to approximately 95,000 by the end of this year, resulting from workforce reductions, attrition and previously announced actions. The workforce will decline to approximately 92,000 by the middle of 2007 – 10,500 fewer than the company's employee population at the end of the second quarter of 2006. In addition to the savings from the workforce reduction, the company expects savings in merchandising expenses, capital and materials.

Show full news post