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In what may be just the tip of the iceberg in layoffs at Intel, 1,000 managers are to be laid off by the end of July. Analysts are expecting more layoffs during the continued lead-up and follow-up to Intel's July 19th earnings report. If Intel misses another quarter forecast, it will be the third consecutive miss since 4Q'05.
Likely in a play to keep his job, CEO Paul Otellini has made a pledge to restructure the company within a 90 day review period. Intel will need to cut down fixed costs to boost margins and regain some of the flexibiltiy that competitor AMD seems to have no lack of.
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