From reuters “Intel to reduce global workforce by five percent in 2014“
Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.
The announcement, equivalent to over 5,000 positions, comes a day after Intel posted a fourth-quarter earnings report that did little to dispel concerns about a slowing PC industry.
“This is part of aligning our human resources to meet business needs,” spokesman Chris Kraeuter told Reuters on Friday.
The job reductions may include early retirement, attrition and other options, Kraeuter added. He declined to say whether details of the changes had been announced internally.
I predict more layoffs and not just in New Mexico and it sounds like they will be in the first quarter of 2014.
In its report on Thursday, Intel forecast March-quarter restructuring charges of $200 million, a portion of which could be earmarked for severance pay.
According to azcentral.com “Intel says factory to stay shut for now“
Intel has confirmed it is leaving vacant a massive new multibillion-dollar computer-chip factory in Chandler that President Barack Obama once touted as a symbol of the future of U.S. manufacturing.
No employees are working in the facility, known as Fab 42, which was completed late last year and was to bring 1,000 jobs and a $5.2 billion company investment.
Don’t worry, the Intel Spokesperson puts a positive spin on the news.
“It doesn’t matter which building they work in; we’ve already increased the workforce by more than 1,000 people at that work site,” Mulloy said.
There’s an interesting note from PC Mag “Intel Scraps Plans to Open Cutting-Edge Arizona Chip Plant”
The chip giant received $3.3 million in state tax credits from Arizona for creating about 1,000 new permanent jobs with Fab 42, the Arizona Republic noted in a report breaking the news that the facility has been put on permanent hiatus.
Intel has in fact kept its end of that deal, adding more than 1,000 new workers to its payroll in the state—they just work at other Intel manufacturing facilities in the area, according to Mulloy.
Intel is painting its decision not to open Fab 42 as a simple matter of finding a more efficient means of getting to 14nm production at existing facilities. But it’s hard not to see the impact of a slumping PC market on this development—Gartner recently characterized the double-digit drop in PC shipments in 2013 as the “worst decline in PC market history.”
Rio Rancho, NM is listed at number 58 on Money Magazine’s 100 places to live.
Top 100 rank: 58
Once a sleepy suburb of Albuquerque, Rio Rancho is coming into its own with employers like Hewlett-Packard and Intel helping add almost 2,500 jobs in the past couple of years. There’s now nightlife downtown in addition to many bike paths, parks, and horseback trails. The real estate market is still shaking off the doldrums of the housing downturn; while sales are picking up briskly, foreclosed homes dot the streets. Those on the buying side of the equation, however, can expect to find good deals.
I like living in Rio Rancho, but where is this downtown with the nightlife? And the bike paths and horseback trails are the same dirt roads.
I hesitate to blog about work, thinking it will get me in trouble. The most pressing issue in the last month, maybe the last 6 months, has been the layoffs at work, New Mexico’s Intel site in Rio Rancho. Last week everyone got their “message”, either placed in the same position, placed in another position, Not placed with redeployment or just not placed. I was placed with some changes to my current position.
I was prepared both mentally and financially to be laid off. My years of employment at Intel would have provided me with several months of pay. The state is helping everyone find jobs (you know, our Governor is running for President). There was also the chance of going to school. I know, I should be grateful that I have a job particularly since Intel pays so well. Especially for New Mexico. But there were some benefits to being laid off and I am ready for a new career. Or that’s what I have convinced myself leading up to last week. Not to mention that the whole process left a bad taste in my mouth.
There is no good way to do a layoff. There seems to be bad ways to do layoffs. The common way, it seems to me from talking with others who have gone through layoffs at other companies, is that people are suddenly missing one day without warning. You show up to work and a bunch of people are no longer there. Intel’s way was different, it was a process. I could go on and on and on about this, but I will leave it at this for now. Since I still have a job, I want to keep it and stay out of trouble.
The whole reason for these layoffs, which has been widely reported, is that Intel is moving from 200mm to 300mm wafer sizes. There are two factories here, a 200 and 300 one. Merging them together with all the wonders of automation in the 300mm factory means you need less people to run it. New Mexico didn’t have the only 200mm factory, all other factories like this should pay attention to what happened here.
It’s good that I have a job, at least I can focus on other things that don’t involve looking for a job. I paid off my debt in preparation, that was also a good thing. This next year should bring along some changes, time to hold on for the ride.
Related: June 30, 2006: Intel — will it, or won’t it?
This shouldn’t have really been a surprise after AOL said they are going to a free service model.
AOL announced Wednesday it will lay off 1,300 employees by closing call centers in New Mexico and Arizona as part of a previously announced restructuring plan. AOL, the Time Warner Inc. online unit formerly known as America Online, also plans to sell its call center in Ogden, Utah. The cuts include 900 layoffs at the Albuquerque call center and 400 jobs at the center in Tucson, Ariz., AOL spokesman Nicholas Graham said. The Arizona and New Mexico call centers each have operated for 10 years.
Rio Rancho rises on list of best places to live
Rio Rancho ranks No. 56 on Money magazine’s list of the 100 best small cities to live.The Sandoval County city improved on its ranking of No. 83 in 2005.Money magazine’s Web site said it was looking for small, livable cities with a mix of good jobs and schools, low crime, open space and “rational home prices.”Rio Rancho’s median annual family income is $57,562 and its median home price is $150,024, the magazine said. It ranked the city’s property crime risk as 33 and its personal crime risk at 50 out of national averages of 100.The rankings released Monday gave the top spot to Fort Collins, Colo.
This last quarter’s classes turned out to be more difficult than expected. I signed up for a MS Access class and a Business Stats class. I won’t say much more about the Access class. I already had experience with it so it was a easy A.
I was looking forward to the stats class, since I use it all the time in my work. Unfortunately we were plagued by a new teacher and a new book. The first two chapters of homework were taking students 8 hours (!) to complete, this after being in class for 4 hours. That’s just too much for people who also have real jobs. She cut it down quite a bit after that, but just illustrates how out of sync the teacher was with our needs.
I managed a B in the class, but not without a lot of help from my classmates. If I hadn’t been able to complete the homework I wouldn’t have ever passed. Yet, I still didn’t come out of the class with a good understanding of the subjects.