Location: U.S. and Israel.
Based on news reporting.
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 94 layoff events at Intel Corporation since October 2023, affecting a combined 91,466 employees.
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