Intel posts 43% jump in profit, plans to lay off 2,000

[kurth]

Intel posts 43% jump in profit, sets more job cuts
By Benjamin Pimentel, MarketWatch
Last Update: 7:28 PM ET Oct 16, 2007

SAN FRANCISCO (MarketWatch) -- Intel Corp., the world's No. 1 chipmaker, reported a 43% increase in third-quarter profit Tuesday, benefiting from a robust personal-computer market, but also announced plans to shed 2,000 more jobs as part of a continued reduction in staff.

Shares of Intel, a component of the Dow Jones Industrial Average, rose more than 4% in after-hours trading following the report.

Intel also set in motion more staff cuts, saying it would shed 2,000 jobs in the fourth quarter, reducing the company's head count to about 86,000.

http://www.marketwatch.com/news/story/intel-net-jumps-43-sets/story.aspx?guid=%7B5E24619E-A7DB-4AF4-8AED-E8BB93A562E6%7D

[Rex]

1. X86000

Ha.

[Deja Q]

2. I have a feeling 2000 more people will switch to AMD for their processors...

:hide:

[demosincebirth]

3. Sorry fellows for a job well done

[AlCzervik]

4. my neighbor got laid off from Intel about a year ago, they have a big "campus"

in our area. My neighbor found another job but not in high tech and it pays 35% less.