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Intel Planning Considerable Cuts and Hiring at the same Time

Despite announcing about 10,000 job cuts, Intel has been advertising job openings. Even though Intel has announced that about 10,000 workers will be fired, job openings are being posted as well. On the company`s Web site there were posted 22 U.S. positions, 19 in Israel and six in Malaysia, and all in the last two weeks. As at the end of the second quarter Intel announced that its profits and market share had dropped, the company said it would probably miss its sales target for 2006.

However, the company`s job bank remained full. Several of the openings in Israel and the United States indicated the company was looking for students, interns and recent graduates. There were also several postings for experienced engineers for hardware, software and mechanics, manufacturing and testing and development.

The company issued a news release saying it planned to reduce its workforce mainly through attrition and previously announced sales. The statement indicated that cuts would occur in management, marketing and information technology in 2006. The news release stated: "In 2007, the reductions will be more broadly based, as Intel improves labor efficiency in manufacturing, improves equipment utilization, eliminates organizational redundancies and improves product design methods and processes".