Intel to Lay Off 10,000 Employees

After it has sold its Communication and Application Division to Marvell, Intel also started a series of radical changes within the company. The first step took place at the top, where currently, other leaders guide the processor giant's operations.

This phase had no impact on the market, but the second promises to involve no less than 10,000 employees, 10% of the company's workforce, all preparing to be sacked on Tuesday, according to News.com.

After the Marvell deal, Intel announced it will lay off 1,000 employees. From the reports issued by the company immediately after the announcement, the former division had 1,500 employees, most of them engineers or marketing managers.

Earlier this year, in May, TG Daily reported that Intel plans to cut off 16,000 employees, and said that the company "is in the midst of the most comprehensive review of its business structure".

On the other hand, Intel announced it has opened third chip plant which is based on 65-nanometer processes, producing a wide range of multicore microprocessors. The new facility is based in Leixip, Ireland, and its development needed $2 billion investment in order to boost the market share on the dedicated 65 nanometers segment. This is the third plant to be opened, and the first in Ireland, as the manufacturer preferred, up until now, to build its facilities in the U.S., more precisely, in Arizona and Oregon.