Intel Said to Be Planning Major Layoff

Intel sign. The company is said to be planning a major layoff
Photo: Justin Sullivan/Getty Images

The Oregonian reports that Intel plans “to reduce employment in some parts of the business by double-digit percentages,” with thousands of jobs cut companywide. The axe is expected to fall just after Intel reports first-quarter financial results Tuesday. The company had some 107,000 employees worldwide at the end of December.

At TheLayoff.com, commenters are speculating that Venkata “Murthy” Renduchintala, who is now executive vice president and president of most of Intel’s product businesses was recruited recently from Qualcomm specifically to oversee these layoffs. Renduchintala was executive vice president at Qualcomm and president of the company’s mobile and computing division when that company planned company-wide layoffs last year.

If you are an Intel employee, please let us know in the comments below if these layoffs hit your group or division.

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