by CIO Staff

Intel to Drop 1,000 Managers as Part of Revamp

Jul 13, 20061 min

Intel on Thursday said it will drop 1,000 of its managers across the globe as part of its previously announced business revamp, The Wall Street Journal reports.

The affected employees were notified earlier today, and Intel spokesman Chuck Mulloy told the Journal the current cuts would not reach any staffers except for managers.

In April, Intel announced it would be restructuring its business to reduce costs, as well as boost communication and decision-making capabilities, and that it would come away from the move as a smaller, more agile firm, according to the Journal.

Mulloy did not provide the Journal with a comment on whether Intel plans on cutting additional employees or any financial details associated with the workforce reduction, the Journal reports.

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