Intel Trims Middle-Management Fat

CEO Paul Otellini and other executives have announced the first move resulting from an extensive internal review started three months ago, by cutting 1,000 jobs. Intel (reported by IDG News, well, they didn't quite make that a front page issue. 1,000 jobs from throughout Intel's global operations will get the axe, as Intel looks to make about a billion dollars in cost savings. An Intel spokesperson, Bill Calder, said, "This is one of the first actions of the structure and efficiency project we announced in April. It is designed to reduce cost and improve decision making." It is thought a lot of deadwood has accumulated in the Intel ranks since the company began a post dot-com crash resurgence. Ongoing price pressure and antitrust lawsuits initiated by Intel's bitter rival, Advanced Micro Designs ( Del.icio.us | Digg | Yahoo! My Web | Furl Bookmark IFN - David Utter is a staff writer for Murdok covering technology and business.