Intel to slash 1,000 management jobs (AP)

SAN JOSE, Calif. - Intel Corp. is cutting 1,000 management jobs as the chip maker tries to become more efficient amid stiff competition and weaker demand for personal computers. The reduction, which will take several days to be carried out, is the latest action in a broad restructuring announced earlier this year, Intel spokesman Chuck Mulloy said Thursday. Analysts expect further job cuts as executives continue to scrutinize operations. Mulloy declined to say how much money will be saved by the ...