Intel Digs Out from a Pile of Chips

With declines in semiconductor revenues from a glut of unsold chips, Intel looks to workforce cuts and new efficiencies for help

Capping a five-month strategic review, chipmaker Intel is cutting its global workforce by 10,500 people by the middle of next year in a broad corporate restructuring that aims to cull $2 billion in operating expenses in 2007 and $3 billion by 2008.

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