Intel to Cut at Least 5,000 Jobs

ASHLEE VANCE| New York Times | Wed- January 21, 2009

MOUNTAIN VIEW, Calif. — With demand for its chips drying up at record rates, Intel has decided to shut down several plants and dismiss thousands of workers.

As many as 6,000 people could be dismissed, depending on how many workers can secure jobs at other Intel plants. Intel employed 84,000 people at the end of last year, and had already eliminated 20,000 jobs in the last three years.

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