Intel’s TransformationIntel said Thursday it’s cutting about 1,000 managers as part of its plan to broadly restructure the company, which has experienced a falling market share and stock price.Intel, based in Santa Clara, California, is undergoing the large-scale transformation that was promised by CEO Paul Otellini in April. Mr. Otellini, who became the chief executive in May of last year, said he would examine every part of the company and cut spending by $1 billion this year