Intel to lay off Thousands

Intel is expecting to lay off 10% of their workforce in a move to become more competitive against rival AMD. From the article: ‘The Santa Clara, Calif.-based chipmaker, having suffered several financially disappointing quarters, launched an internal analysis in April to find ways to increase its efficiency. [CEO Paul] Otellini is scheduled to announce the results of the analysis, including the layoff, on Tuesday after the stock market closes, sources familiar with the plans said.

Seems that the CEO really doesn’t like all the extra crust on the proverbial bread. This in no way means that there is trouble brewing for Intel, rather it appears they employed too many people. Interesting…