Date: 07/14/06 (Java Web)    Keywords: technology

Intel said that it would lay off 1,000 managers which is about 1 percent of its work force. Last month, Intel said it would sell its money-losing communications chip business to Marvell Technology Group for $600 million. via NYT It appears AMD is finally giving Intel a stiff competition.

Source: http://blog.taragana.com/index.php/archive/intel-to-lay-off-1000-managers/