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Intel layoffs: Company job cuts cross 5,000 in July; numbers rise 4x in…

Global semiconductor giant Intel is implementing a significant restructuring plan, resulting in over 5,000 layoffs across US locations including California, Oregon, Arizona and Texas. The job cuts, impacting engineers, senior leaders, and back-office staff, aim to streamline operations and address financial losses. This follows 15,000 job cuts earlier in 2024, bringing the total to over 20,000.

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