Altera Corporation Lays Off 82 Employees Following Intel Stake Sale

Altera Corporation, an Intel spinoff, has laid off 82 employees following Intel's sale of its majority stake in the company for $4.46 billion earlier this year. This decision comes as part of the company's restructuring efforts in light of the recent changes in ownership. The layoffs reflect the ongoing adjustments within Altera as it navigates its new operational landscape post-sale. The specific departments affected and the locations of the layoffs were not disclosed in the article.

Altera Corporation cut 82 jobs as of October 1, 2023.

LayoffTalk has tracked 6 layoff events at Altera Corporation since October 2023, affecting a combined 764 employees.