Intel plans additional restructuring, but is unlikely to announce it until next month, Chief Executive Officer Paul Otellini said Thursday.In April, Intel said it would restructure, including resizing the company, in response to weak earnings in recent quarters. Since then, Intel has closed a small office in Scotland, shut down an optical platforms division in the United States and combined two flash memory groups. In recent weeks, rumors have suggested that Intel would lay off a vast number of workers. While Intel will make more announcements regarding restructuring plans, it likely won’t do so until its July earnings conference call, Otellini said.Rumors have also suggested that Intel is interested in selling its flash business. “Right now, the plan on flash is to make it profitable,” Otellini said. When asked what might happen after the division becomes profitable, he said, “I’ll open a bottle of champagne.” In addition to missing earnings targets, Intel has been losing market share to competitor Advanced Micro Devices.-Nancy Gohring, IDG News Service (Dublin Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by SAP Generative AI’s ‘show me the money’ moment We’re past the hype and slick gen AI sales pitches. Business leaders want results. By Julia White Nov 30, 2023 5 mins Artificial Intelligence brandpost Sponsored by Zscaler How customers capture real economic value with zero trust Unleashing economic value: Zscaler's Zero Trust Exchange transforms security architecture while cutting costs. By Zscaler Nov 30, 2023 4 mins Security brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management Change Management IT Operations Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe