Intel goes on an employee diet

http://www.intel.com/pressroom/archive/releases/20060905corp.htm

Intel appears to have realized the same thing as AT&T and the US Automakers - a good portion of your employees do nothing for your company and a good portion have their job to have a job.

I realize that sometimes great people who are hard workers get the axe in these layoffs, but I feel as if a lot of companies hired too many people in the 80's and 90's that it didn't need and that this was a factor in the dotcom/technology bubble burst.