Wednesday, July 17, 2002

I2 Technologies to lay off 1,400 employees  In the latest blow to Dallas' battered technology sector, i2 Technologies Inc. said Tuesday it would lay off 1,400 employees - about 30 percent of its work force - because of a deep slump in software sales. Chairman and chief executive Sanjiv Sidhu said the layoffs are part of a plan to cut costs at least 30 percent by year end and bring them in line with recently falling revenue. I2 had already cut about one-quarter of its staff in the past 18 months - it had about 6,300 workers at the start of last year but is down to about 4,800. 8:16:41 AM  Google It!  comment  []

Intel cutting 4,000 jobs Intel Corp., which had avoided mass layoffs during technology downturn, said Tuesday it is cutting 4,000 workers as the chip-making giant posted lower-than-expected second-quarter earnings. The world's largest semiconductor company did not immediately specify why it was making the job cuts, representing about 4.8 percent of its work force, though demand for chips in personal computers remains weak. Intel also has been focusing on its core semiconductor products such as the chips that serve as the brains of PCs, shedding unprofitable divisions that hosted Web sites and sold music players. Intel had 83,000 employees worldwide at the end of the first quarter, down from 86,000 at the end of 2000. Last year, the company said it was cutting 5,000 jobs mostly through attrition. 8:15:38 AM  Google It!  comment  []