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Intel to involve India in its cost-cutting exercise

Posted: 14 Jun 2006     Print Version  Bookmark and Share

Keywords:Intel Corp.  Indian operations  global cost cutting  Radhika Raheja  Frank Jones 

As reported by The Economic Times, Intel Corp. has plans to layoff a number of people from its Indian operations over the next few months. This would be part of the company's global cost cutting and layoff exercise designed to cut Rs.4,511 crore out of its forecasted expenses.

Intel has about 3,000 people in India and the biggest impact in India is expected to be felt by the information and software technology group here. The division, which manages Intel's internal computing resources and provides asset management requirements, is said to be over 500 people strong in India and employees believe that up to 50 per cent of that could be asked to go.

As per the report, Intel will complete the reorganisation evaluation by June 29 and inform employees about the specifics of the actions to be taken.

Although Intel has not denied the possibility of layoffs in India, it is conducting an in-depth review of its focus and structure. This effort is not meant to replace Intel's relentless pursuit of innovation, technology and great products. Rather, it is meant to add to those skills an equivalent focus on efficiency. We do expect to have fewer employees than we do now as a result of attrition, redeployment and changes to Intel's business."

Intel's cost-cutting follows a 38 per cent drop in profit in its January-March, 2006, compared with a year earlier, and a five per cent fall in revenue.

- Radhika Raheja
  EE Times India

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