Location: Oregon, USA.
Based on news reporting.
Intel Corporation has significantly increased its layoffs in Oregon, now affecting approximately 4,000 employees. This marks a nearly fourfold increase in the number of job cuts previously announced. The layoffs are part of a broader restructuring effort as the company seeks to streamline operations amid ongoing challenges in the semiconductor market. The decision reflects Intel's response to declining demand and aims to improve its financial performance. The layoffs are expected to impact various roles within the company, although specific departments were not detailed in the announcement.
Intel Corporation cut 4,000 jobs as of October 1, 2023.
That is roughly 3.2% of the 124,100 people Intel Corporation employs.
LayoffTalk has tracked 94 layoff events at Intel Corporation since October 2023, affecting a combined 91,466 employees.
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