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.
"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
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