Diabytes
Intel Job Cuts News
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Intel’s job cuts have doubled in California, affecting 1,935 employees across Santa Clara and Folsom. Meanwhile, 2,392 workers have reportedly been laid off in Hillsboro, Oregon, and another 696 in Chandler, Arizona. These figures were revealed in an internal email dated July 9, cited by Manufacturing Dive.
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The layoffs are part of a larger restructuring plan under Intel’s new CEO, Lip-Bu Tan, who is working to cut costs and streamline operations. W
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Intel has announced its third round of layoffs within a year. This time targeting its global foundry operations.
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Pat Gelsinger explained that Intel's expenses are too high and their profits are too low.
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Gelsinger is confident that the company can improve its technology and has launched a plan to build factories that will produce semiconductors for other chipmakers.
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