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Comment on Quant Hedge Fund D.E. Shaw Fires 150; 10% of staffparent

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The downvote seems to indicate a citation is necessary:

http://en.wikipedia.org/wiki/Jack_Welch#Tenure_as_CEO_of_GE

http://www.geek.com/articles/chips/updated-rumors-intel-layo...

(The Intel practice was also confirmed in Andy Grove's book "Only the paranoid survive".)

Did you read the second article?

> Intel announced it will reduce its workforce by 4,000 workers (5%), mostly through attrition or voluntary separation programs.

I joined Intel shortly after that article was written (2002). For much of my tenure (3 years), Intel had a US hiring freeze (except through acquisition, how I got hired) and aimed to reduce its headcount primary through attrition, not layoffs. I felt like Intel treated its employees pretty well.

I was referring to the comment by "Insider".

In any case, I think Andy Grove's book is a better citation, but some people on the Internet don't read books.

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