Intel To Lay Off 1000 Manager’sBy Angsuman Chakraborty, Gaea News Network
Friday, July 14, 2006
Intel said that it would lay off 1,000 managers which is about 1 percent of its work force.
Last month, Intel said it would sell its money-losing communications chip business to Marvell Technology Group for $600 million. via NYT
It appears AMD is finally giving Intel a stiff competition.