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Intel cuts hundreds more Bay Area jobs
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Workers in Oregon’s semiconductor industry give the state a financial boost. Without them, officials say, the effects will ...
Also, another recent WARN notice shows that Intel has increased its planned layoffs in Arizona from 170 to almost 700. This new round of layoffs means Intel has cut over 20,000 jobs, a year after it ...
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.
Intel plans workforce cuts and a tighter return-to-work policy, but the company, a major Arizona employer, didn't announce specific layoff numbers.
The news comes after company leaders said they were planning reductions amid an organization-wide overhaul prompted by a flagging performance.
New Intel CEO Lip-Bu Tan is trying to turn around the company by making it more efficient and focusing on core products.
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 INTC 1.62% is buckling down for a difficult time ahead as new chief Lip-Bu Tan begins a turnaround effort. The company posted a quarterly loss on Thursday and gave a weak revenue outlook. It ...
Intel could be set to announce one of the biggest rounds of tech layoffs we’ve seen in months, with thousands of workers set to leave.
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