Downsizing for rightsizing profits!

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Intel made its plans public, to cut 10,500 jobs which accounts for upto 10% of its employee strength globally. The job cut that is to conclude by mid-2007 has been termed to be in accordance with a restructuring plan and is supposed to help bring down costs by a whopping $6 billion over a span of three years. The move will propel Intel’s profitability, taking it a step ahead of rival chip maker AMD. Intel hopes to save $1 billion this year, $2 billion in 2007 and $3 billion in 2008, through the move. Majority of the job cuts are likely to occur in management profiles, the chip maker’s marketing departments and various other IT related job areas. Around 5,000 jobs have already been cut at Intel.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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