backtop

Print 9 comment(s) - last by Rampage.. on May 13 at 2:04 AM
Intel continues its heavy restructuring plan to stop its significant profit loss

After Intel's CEO Paul Otellini announced earlier this year that Intel will be implementing a massive restructuring plan, both those outside and inside of Intel were shaken by the news. One of the first parts of Intel to start feeling the restructuring plan was Intel's high-speed network transponder division located in Newark, California.

Now, Intel has announced that its R&D location in Glasgow, UK, will be shutting down later this year. Focused on engineering in analog and signal processing areas, the Glasgow location is currently manned by 17 researchers, all of whom have been Intel employees for quite some time.
The Glasgow location is only one of many Intel locations expected to come under the microscope. Intel had reported incredibly poor performance in its previous quarter, dropping more than 38% in profits. Intel currently employs more than 104,000 employees world-wide. The 17 employees at Intel's Glasgow location will be offered the chance to enter Intel's redeployment program if they choose so. Unfortunately, the program does not guarantee a new job.

Interestingly enough, earlier this month Intel announced that it would commit more than $1 billion to help develop emerging technologies in developing countries around the world.

Comments     Threshold


This article is over a month old, voting and posting comments is disabled
REstructuring is painful....
By crystal clear on 5/12/2006 4:33:03 AM , Rating: 2
Those of you who know & have experience in restructuring ,will tell you that it is a painfull process that has to be undergone.
Companies frequently restructure to adapt to new market conditions not only to CUTDOWN its LOSSES but to get back to PROFITABILITY.
All non productive divisions have to be closed down especialy in R&D.The attitude being "Get me a good /unique sellable product in my office fast or I will not waste my resources on you(Time & Money).
Under a restructuring plan priorities change so do the allocaation of resources(Money &Manpower).
So in short one chapter ends in your career history & a NEW chapter begins.
It all depends how you view things about yourself.




RE: REstructuring is painful....
By InternetGeek on 5/12/2006 5:21:10 AM , Rating: 2
I suppose they have a plan set up so later Intel won't hurt from cutting off their 'creative' arm.


RE: REstructuring is painful....
By Connoisseur on 5/12/2006 9:00:55 AM , Rating: 2
Actually it seems Intel's just focusing on its core products rather than secondary research. Since their Pentium-M and Conroe chips have been coming from their Israeli research division, you can bet that they'll be pumping more money there at the expense of other offices. Ehh... it's not like they're in the red.


By crystal clear on 5/12/2006 10:30:37 AM , Rating: 2
Yes you are right ,I know for sure about this.
NO EXPENSES SPARED.


small typo
By LuxFestinus on 5/12/06, Rating: 0
RE: small typo
By KristopherKubicki (blog) on 5/12/2006 2:43:37 AM , Rating: 2
thanks


By DallasTexas on 5/12/2006 9:16:00 AM , Rating: 2
Quite shocking and hope Scotland recovers from this massive pullout of Intel.




Wow
By Maximilian on 5/12/2006 10:41:35 AM , Rating: 2
I live in Glasgow and i never knew there were any Intel things here...




Heh
By Rampage on 5/13/2006 2:04:38 AM , Rating: 2
Yup. Intel arent the only ones who can design a processor. Feelin the pain a little it seems :D




"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer











botimage
Copyright 2013 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki