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.
Intel layoffs announced in July cross 5,000, numbers increase by 4 times 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.