Feeds

Intel freezes recruitment, caps exec pay

No free PC for you

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Intel is the latest technology giant to announce retrenchment plans. The company said today that it will make only "key strategic technical and engineering hires" and that it hopes to reduce the workforce.

Overtime will also be restricted, and Chipzilla's free-PC program for its employees has also been deferred. Senior management will have their Spring performance-related pay rises deferred, while salaried staff receive half of their top-up.

Intel said key R&D areas were unaffected.

Sun Microsystems yesterday introduced a recruitment freeze and spending cuts, and similar moves have been introduced at Cisco and Hewlett Packard. While the outlook is tepid for the business systems sector, it's much worse for the leading PC manufacturers who have announced deep layoffs in recent days. Intel straddles the two: demand for its network and server businesses remains stronger than for retail PC sales.

Even Microsoft, which earns more in interest and dividends from its $20 billion cash and investments pile than it does from any other area of its business, has felt obliged to appear in a hair shirt in recent weeks. ®

Related Stories

Sun freezes jobs, steps up cost cut
Sun and HP launch cost-cutting programs
Ballmer tells MS troops to work harder, spend less

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.