Intel Is Making Money and Still Cutting Jobs

What’s wrong with this picture? Intel reports profit of $1.27 billion on revenue of $6 billion, a profit margin of 21%, and they’re dropping 3,000 jobs [“Intel Profit Drops 36%; 3,000 Job Cuts Planned,” April 15].

Yet we’re supposed to feel better about the cutbacks because Intel will “try to avoid laying off workers and instead reduce its payrolls by attrition.” What would they have done if they’d only had a 10% profit margin--fired everyone and closed the company?

MATTHEW KLIPPER

Hollywood