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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.




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