Job cuts in the IT industry have been a familiar situation for individuals and companies for the last several years after the burst of the bubble. While the situation is a lot better today than it was several years ago, large job cuts are still common. This week, Intel announced that roughly 1000 jobs will be cut in New Mexico at its Rio Rancho plant which is known as Fab 11X. Intel’s 300mm plant currently holds roughly 5000 employees and a 20 percent job cut anywhere is hefty.
Intel indicated that Fab 11X also produces 200mm silicon wafers, which is now an obsolete technology. Because of this, those involved in that technology will be let go. Intel’s push to expand its 300mm technology is in full force. The company recently announced that it will expand its 300mm production facilities in China with a focus on a move to 45nm fabrication.
Source: DailyTech