Technology  September 15, 2006

Intel cuts to bypass F.C. team this time

It’s a familiar song and dance for Northern Colorado.

The restructuring of various technology companies has resulted in the loss of hundreds upon hundreds of jobs in the region. Many hoped that era had ended, and with new technology companies coming to the area, the future looked bright.

So should there be worry about Intel Corp.’s recently announced restructuring?

On Sept. 5, Intel made public its highly anticipated plan to axe a substantial number of positions. By the end of 2007, the company will have decreased its workforce by 10 percent – down 10,500 to 92,000. The anticipated savings of the reductions and…

Sign up for BizWest Daily Alerts
Closing in 8 seconds...