The microprocessor giant expects a major staff reduction after a significant drop in profits.

The future doesn’t look good, either.

Is it just the beginning?news analysisBefore things get better for Intel, they will likely get worse.

Lukewarm support for chipFew PC makers are expected to build systems for the low-cost Celeron chip.

Processor price cuts dueOn the eve of releasing new processors, the chipmaker will discount older models.