Intel Corporation plans to cut 1,000 management jobs globally, as the world's largest computer chip maker attempts to become more efficient amid tough competition and weaker demand for personal computers. The workforce reduction is the latest action in a broad restructuring announced earlier this year, Intel spokesman Chuck Mulloy said Thursday from the company's Santa Clara, California headquarters. Mulloy declined to say how much money will be saved by the latest job cuts. Analysts believe Intel is trying to slash costs as smaller rival Advanced Micro Devices (AMD) threatens its highly lucrative core business of supplying microprocessors that control computers. In April, Intel reported a 38 percent drop in first-quarter profits as demand weakened for personal computers and microprocessors from AMD continued to win market share. The same month, chief executive Paul Otellini vowed to spend the next 90 days identifying underperforming business groups and cost inefficiencies in an effort to save the chipmaker $1 billion a year. Two weeks ago, Intel said it planned to sell a division that makes chips for cellular telephones and other handheld devices for $600 million. The move allowed it to cut 1,400 jobs and unload a business group that was unable to compete with Texas Instruments.
