Feeds

Intel chief to chop workforce?

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

Secure remote control for conventional and virtual desktops

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
Don't wait for that big iPad, order a NEXUS 9 instead, industry little bird says
Google said to debut next big slab, Android L ahead of Apple event
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
The Apple launch AS IT HAPPENED: Totally SERIOUS coverage, not for haters
Fandroids, Windows Phone fringe-oids – you wouldn't understand
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 and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.