Intel Plans to Slash Over 5,000 Jobs Globally in 2014

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AFDozerman

This is all bass-ackwards. Intel is ALWAYS posting record profits and acquisitions, not closing fabs and sending people home. Meanwhile, AMD is making a killing off of their console contracts. Really gotta wonder how long this will last...

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vrmlbasic

AMD hasn't been a stranger to slimming down itself :(

Does Intel really need 100,000+ employees? Per wikipedia, that's more personnel than the USCG employs.

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yammerpickle2

Intel is focusing on the mobile, and low power world. A place where there is some strong completion already. Meanwhile the old desktop market is getting old hand me downs from the mobile sector and is not offering enough of a performance advantage to entice users to upgrade. Bring out an unlocked Skylake-E and Intel can have my money so they can keep people employed.

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PCWolf

Intel is just firing employees so it can raise the Salaries of it's CEO's by a couple of million more a year while giving the rest of it's Profits to it's investors.

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Ninjawithagun

EXACTLY! Capitalism is no longer the feasible solution it used to be. Corporate greed will be America's undoing...

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vrmlbasic

Capitalism is awesome, the only system that works.

When Cronyism gets involved, ie: Crony Capitalism, then it doesn't work. The question is, is this sound Capitalism-removing unnecessary workers for the good of the company-or is it bogus capitalism, purging employees to replace them with contracted imported/foreign labor (tech companies have been imploring the pres to more liberally hand out tech visas)?

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Scatter

I'll just wait for everyone to blame Obama for this.

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aundae

Intel will likely continue to shift much of their labor force to the so-called "green badges," contractors and contingent workers hired to do a lot of the labor that was once highly specialized but is now commonplace. Due to the way Intel's internal accounting system works, like many many other companies, it's less expensive for individual business groups and departments to hire contractors for fixed-position jobs than it is to bring on regular Intel employees to the same teams.

That practice also makes it much easier to restructure teams and slash projects that underperform or that are made obsolete by shifting market and consumer trends. The problem is that the practice ends up hurting workers and the continuity of work teams within the company. This same practice hurt Microsoft several years ago and exposed them to co-employment liability that eventually caused them to reduce that practice.

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LatiosXT

Well, there will always be a place in the world for desktops and laptops. Some work is better suited on that formfactor than a tablet or smartphone.

The problem is that market is oversaturated now. Intel should've seen this coming a lightyear away.