I often think that the beancounters/stockholders are the tail wagging the dog. Intel's profits last quarter were nearly 1 billion, revenue at $8 billion, but that wasn't good enough... Intel will start laying off 10% of their workers as soon as Tuesday. This in addition to the 1,000 managers cut loose in July. The Xscale & Eicon deals already cut another 2,000 from the payroll.
http://news.zdnet.com/2100-9595_22-6111478.html

Anybody want to bet that most of the new layoffs will be Americans? That people with any talent at all will be snapped up by AMD? That morale might suffer a bit?

Retail computer sales are obviously slow, with many people waiting for some idea of whether they'd want to pop for Vista- the benefits still seem strangely vague. That should change fairly soon, and Intel has several hot new chips making waves.

No word that CEO Paul Otellini will take a cut in his (Forbes estimated) $8 mil package, which includes another $10 mil in unexercised options; but would declining stock value help or hurt his options?
http://www.forbes.com/finance/mktguideapps/personinfo/FromMktGuideIdPersonTearsheet.jh...GuideId=480662

All we know is these people gotta go. Think he could have done a better job explaining things to the stockholders? Or is this another sub rosa move offshore?

Whats wrong with this picture?