Feeds

Intel chief to chop workforce?

Biggest company 'review' since mid-1980s, pledges Otellini

3 Big data security analytics techniques

Intel may be about to take an axe to its employee roster as the chip giant strives to become "leaner, more agile and more efficient", the goal of a major restructure announced by CEO Paul Otellini last night. It will be the firm's biggest shake-up since the mid-1980s, he claimed.

"No stone will remain unturned or unlooked at," he said. Company executives will spend the next three months examining the business for under-performing or inefficient operations, he added without going into details.

"In terms of non-performing businesses, anything with a bracket will be looked at," Otellini said, a reference to the way losses appear in brackets on US company balance sheets.

Lay-offs so seem to be part of the plan: "It would be too simplistic to simply do a reduction in force," Otellini said, surely implying the business review will come in addition to job cuts.

The announcement comes a week after Intel reported a 38 per cent drop in first-quarter income. Sales were down five per cent. Then, the company said it would seek to reduced its operating expenses by $1bn through the remainder of the year. Otellini yesterday re-iterated last week's forecast that annual sales will fall around three per cent, from last year's $38.8bn to $37.6bn.

"We are very well aware of the realities of our current and future business outlook and we are taking actions to address these realities," Otellini told an analysts.

In January 2005, Intel restructured its business units the better to align its operations to the platforms the company is nowadays promoting. The autonomous operating units include Digital Enterprise, Digital Home and Digital Health Groups, along with Mobility and Channel Products Groups. ®

SANS - Survey on application security programs

More from The Register

next story
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
True optical zoom coming to HTC smartphone cameras
Time to ditch that heavy DSLR? Maybe in a year, year and a half
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Leaked photos may indicate slimmer next-generation iPad
Will iPad Air evolve into iPad Helium?
Feast your PUNY eyes on highest resolution phone display EVER
Too much pixel dust for your strained eyeballs to handle
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
US mobile firms cave on kill switch, agree to install anti-theft code
Slow and kludgy rollout will protect corporate profits
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.