THESE ARE NERVOUS TIMES FOR EMPLOYEES AT THE INTEL PLANT IN RIO RANCHO. INTEL SAYS IT’S CUTTING 11 PERCENT OF ITS GLOBAL WORKFORCE …TRANSLATING INTO ABOUT 12-THOUSAND JOBS. IT’S NOT KNOWN YET HOW THE RIO RANCHO CHIP MANUFACTURING PLANT WILL BE AFFECTED. ABOUT 19 HUNDRED PEOPLE NOW WORK THERE.
INTEL SAYS EMPLOYEES LOSING THEIR JOBS WILL BE INFORMED OVER THE NEXT 60 DAYS. THE COMPANY SAYS IT’S TRANSITIONING AWAY FROM PC’S TO CLOUD BASED FUNCTIONS. IT HOPES TO SAVE CLOSE TO ONE AND A HALF BILLION DOLLARS BY NEXT YEAR.
