Feeds

Intel confirms it will axe 5,400 workers in 2014

Last year saw hiring – this year will see the reverse

Secure remote control for conventional and virtual desktops

Updated Intel plans to cut its workforce by approximately 5,400 employees this year, a company spokesman told The Reg.

After the workforce reduction was revealed by Reuters, Intel senior manager of corporate and financial PR Chris Kraeuter confirmed to us that there will be a reduction of "about 5 per cent" of the company's 107,600 employees during this year.

The news comes in the wake of Intel's earnings report announced this Thursday, in which revenues for fiscal 2013 dropped to $52.7bn from 2012's $53.3bn, a slippage of just over 1 per cent.

Thursday's report included company guidance that revenues would be "approximately flat" for the full 2014 fiscal year, and that revenue for the first quarter of 2014 is expected to be $12.8bn, plus or minus $500m, down from the $13.8bn reported for the final quarter of 2013 – a not unexpected drop when seasonality is factored in.

In its Thursday Form 8-K filing with the US Securities and Exchange Commission, Intel indicated that it had "added approximately 2.5K employees in 2013."

With today's news, that trend line is now to be reversed. ®

Update

After this article was posted, Intel's Kraeuter contacted us with the following statement:

I'd like to clarify that we are not announcing a layoff. Business groups are developing plans to reduce spending and this will include some reduction in headcount. In addition, we are realigning and refocusing our resources to meet the needs of the business. When we talk about reduction of the workforce there are a number of things that can happen. It could include redeployments, voluntary programs, retirements, and through attrition. All are options so it would be wrong to conclude this is a layoff. Our usual rate of attrition is close to 4 percent worldwide.

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.