Intel Capital Jobs Safe (for now)
Whenever a big corporation misses earnings or is faced by slackening demand for its products, its in-house venture capitalists shudder. So when Intel Corp. said it planned to cut between 5,000 and 6,000 jobs earlier this week, we called over to Intel Capital to see how it would be affected. "Intel Capital has no plans to do any downsizing of its own or to alter their investment strategy," says spokesperson Heather Clisby. In fact, she says that the chipmaker's investment arm recently expanded its operations into South Africa, appointing six-year Intel Capital investor Sam Mensah to run the office.
22 January 2009•1 min read
