Intel shedding up to 6,000 jobs

Intel is closing five plants in the US and Asia, with the loss of between 5,000 and 6,000 jobs, as it responds to falling computer sales.
The facilities to close are its factory in Santa Clara, California - its last in Silicon Valley - and sister sites in Oregon, Malaysia and the Philippines.

more news:
http://www.btimes.com.my/Current_News/BTIMES/articles/chippsf/Article/index_html
http://news.bbc.co.uk/1/hi/business/7844232.stm

It looks like we are having more difficult time ahead. More and more layoff news will be expected.