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Intel Said to Be Planning Major Layoff

Reports multiplying that layoffs in the “double-digit percentages” are imminent at Intel, starting as soon as this week

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

The Oregonianreports 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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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
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Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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