SWOPblogger: Fears of Intel Layoffs in Oregon, India; What's Up in Rio Rancho?

Wednesday, June 14, 2006

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Fears of Intel Layoffs in Oregon, India; What's Up in Rio Rancho?

karlos says: As rival AMD (Advance Micro Devices) continues to chip away at Intel's dominance, the San Francisco Chronicle reports today that analysts are saying Intel is planning layoffs in the near future. Intel's not saying anything but their PR team seems to be working hard, as evidenced by a quick google news search. The article below references layoff jitters in Oregon, India. No mention of the Rio Rancho plant. What's happening over there? Anybody asking any questions over at the Fab the Tax Dollars Built?

Was I surprised to see that the Journal didn't run it? Guess.

Intel looks set to shed staff, unprofitable units;
Company is mum, but stock is sagging and rival
AMD is eating into business
Tom Abate, Chronicle Staff Writer
Wednesday, June 14, 2006
Intel Corp. may trim staff and jettison money-losing divisions to help boost its sagging stock and fend off competition from arch rival AMD, analysts say.

Speculation has been building about a possible shakeup at the chip-making giant. In recent days, publications in Oregon and India, home to portions of Intel's 100,000-person worldwide workforce, have run stories about local layoff jitters. Read More.