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Intel cuts hundreds more Bay Area jobs as tech layoffs worsen
Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.
Workers in Oregon’s semiconductor industry give the state a financial boost. Without them, officials say, the effects will ...
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Intel Layoffs Widen: 5,500 Employees To Be Cut, California And Oregon Most Affected, Says ReportIn a fresh round of job cuts, US chipmaker Intel is preparing to lay off approximately 5,500 employees across multiple states ...
The company reported a widened loss of $821 million in the first quarter of 2025. While specific layoff numbers haven't been released, reports suggest they could exceed 20% of Intel's global ...
Intel told its factory workers this month that it will begin laying off workers in mid-July, and that “initial” cuts will conclude by the end of that month. “We have been taking action to ...
There's been a lot of talk online about "recession indicators" over the past few months.Now, we have a big one. Intel is reportedly preparing for its largest round of layoffs ever. According to a ...
The 22,000 layoff figure, if accurate, would be larger than Intel’s last round of mass layoffs in August 2024, when then-Intel CEO Pat Gelsinger announced 15,000 job cuts.
Intel has been downsizing significantly over the last few years. Just last August, the company said it would cut more than 15,000 jobs to reduce costs. Intel has been struggling with slowing sales ...
Intel reportedly preparing to lay off 21,000 workers - around 20% of its workforce It also laid off 15,000 workers less back in August 2024 CEO Lip-Bu Tan wants to address the company’s current ...
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