Intel Begins Job Cuts in U.S. and Israel Amid Kiryat Gat Plant Closure Plans
SOURCENews reportView the filing ↗
What we know
Location: U.S. and Israel.
Based on news reporting.
Summary
Intel Corporation has reportedly initiated job cuts starting on October 16, 2023, affecting employees in both the U.S. and Israel. The layoffs coincide with the company's consideration of closing its Kiryat Gat plant, which has raised concerns about the future of its operations in the region. While specific numbers of employees affected have not been disclosed, the company is undergoing significant restructuring as part of its efforts to streamline operations. This move reflects broader challenges within the semiconductor industry as companies adapt to changing market conditions.
LayoffTalk has tracked 86 layoff events at Intel Corporation since January 2023, including 3,405 jobs documented in official WARN filings, with 62 additional events known from news reporting.
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