Replies to post #151526 on Intel Corp (INTC)

[alan81]

INTC announced layoffs around 6 months ago.
Looking at the Q4 earnings statement, they did not drop headcount at all. Q1 indicated they had finally dropped about 6K people. I think they need to drop another 15K or so to get the costs under control. I know a few folks who have taken a package deal. I suspect to hit the goal they will need to layoff some folks who would rather stay.