Intel will cut 10,500 jobs in the next year. Ouch.

Once again, I’m counting my lucky stars that I didn’t get a full-time gig there. My deepest sympathies go out to those who will be affected by today’s news.

Edit: More local information from the SacBee:

The company said the bulk of the cuts to its work force will come from marketing, management and information technology workers. Because Folsom is headquarters for Intel’s IT department, employing up to 1,800 workers to manage the company’s internal computer networks worldwide, the cuts could hit particularly hard in the Sacramento region. It also has a large contingent of marketing staff.