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To: mishedlo who wrote (69353)	9/5/2006 5:25:19 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 110194

Intel to cut 10 percent of work force By JORDAN ROBERTSON, Associated Press Writer news.yahoo.com SAN JOSE, Calif. - Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs — about 10 percent of its work force — through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring. The Santa Clara-based company said most of the job cuts this year will come from its management, marketing and information technology ranks, and will expand next year to include manufacturing, design and other segments. The cuts are expected to save the company $3 billion per year by 2008. Severance costs are expected to total $200 million. <MORE>