Location: Folsom, California, USA.
Based on news reporting.
Intel Corporation has announced the layoff of 58 employees at its Folsom facility as part of ongoing cost-saving measures. This decision is part of a broader effort that affects over 1,000 jobs across the company. The layoffs are a response to the company's need to streamline operations and reduce expenses amid challenging market conditions. The affected employees are expected to be notified shortly, with the layoffs taking effect immediately. This move reflects Intel's ongoing adjustments to its workforce in light of economic pressures and operational efficiency goals.
Intel Corporation cut 58 jobs as of October 1, 2023.
LayoffTalk has tracked 94 layoff events at Intel Corporation since October 2023, affecting a combined 91,466 employees.
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