Intel Cans 5,000-6,000 Employees

It seems Intel employees had every reason to have the bejesus scared out of them. The semi giant just announced plans to eliminate five plants, resulting in 5,000-6,000 lost jobs. Employees may be able to relocate elsewhere in the company.

This is a quick about face for the company, which recently indicated that its cuts in 2006 might help it ride out the storm.


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