Company Logo

Business news intel is laying off 235 employees in the US at the year-end

Intel is laying off 235 employees in the US at the year-end


 Intel lays off 235 employees

Intel plans to initiate its fifth round of layoffs on December 31, 2023, involving the termination of approximately 235 workers at its Folsom research and development site.

Starting on December 31, 2023, Santa Clara-based IT giant Intel Corporation will begin its fifth round of layoffs. According to the Hindustan Times, the corporation would lay off about 235 workers at its research and development site in Folsom, Sacramento County, over the course of two weeks.

The massive semiconductor manufacturer revealed the planned job cutbacks in an official statement to multiple news outlets. The statement emphasized Intel's endeavors to expedite its strategy and curtail costs across diverse business domains and operations.

According to a statement, Intel is implementing a number of initiatives aimed at cutting costs and expediting its strategy, including some business- and function-specific workplace reductions throughout the organization.

The announcement hinted at the possibility of additional layoffs at the IT behemoth in 2024.

At its Folsom site, Intel had cut 549 jobs earlier in the year, which accounted for almost 10% of the company's whole staff. The facility supports a variety of tasks, including R&D for chipsets, software, graphic processors, SSDs, and other products.

Additional reports indicated that as many as 20% of Intel's workforce may be laid off from its client computing and data center divisions.

Almost 13,000 people work for Intel in California, the state where its Santa Clara headquarters are located. This is almost 10% of the company's 131,900 global workforce.

Business News

Recommended News

Most Featured Companies

ciobulletin-aatrix software.jpg ciobulletin-abbey research.jpg ciobulletin-anchin.jpg ciobulletin-croow.jpg ciobulletin-keystone employment group.jpg ciobulletin-opticwise.jpg ciobulletin-outstaffer.jpg ciobulletin-spotzer digital.jpg ciobulletin-virgin incentives.jpg ciobulletin-wool & water.jpg ciobulletin-archergrey.jpg ciobulletin-canon business process services.jpg ciobulletin-cellwine.jpg ciobulletin-digital commerce bank.jpg ciobulletin-epic golf club.jpg ciobulletin-frannexus.jpg ciobulletin-growth institute.jpg ciobulletin-implantica.jpg ciobulletin-kraftpal technologies.jpg ciobulletin-national retail solutions.jpg ciobulletin-pura.jpg ciobulletin-segra.jpg ciobulletin-the keith corporation.jpg ciobulletin-vivolor therapeutics inc.jpg ciobulletin-cox.jpg ciobulletin-lanner.jpg ciobulletin-neuro42.jpg ciobulletin-Susan Semmelmann Interiors.jpg ciobulletin-alpine distilling.jpg ciobulletin-association of black tax professionals.jpg ciobulletin-c2ro.jpg ciobulletin-envirotech vehicles inc.jpg ciobulletin-leafhouse financial.jpg ciobulletin-stormforge.jpg ciobulletin-tedco.jpg ciobulletin-transigma.jpg ciobulletin-retrain ai.jpg
ciobulletin-abacus semiconductor corporation.jpg ciobulletin-agape treatment center.jpg ciobulletin-cloud4wi.jpg ciobulletin-exponential ai.jpg ciobulletin-lexrock ai.jpg ciobulletin-otava.jpg ciobulletin-resecurity.jpg ciobulletin-suisse bank.jpg ciobulletin-wise digital partners.jpg ciobulletin-appranix.jpg ciobulletin-autoreimbursement.jpg ciobulletin-castle connolly.jpg ciobulletin-cgs.jpg ciobulletin-dth expeditors.jpg ciobulletin-form.jpg ciobulletin-geniova.jpg ciobulletin-hot spring it.jpg ciobulletin-kirkman.jpg ciobulletin-matrix applications.jpg ciobulletin-power hero.jpg ciobulletin-rittenhouse.jpg ciobulletin-stt logistics group.jpg ciobulletin-upstream works.jpg ciobulletin-x2engine.jpg ciobulletin-kastle.jpg ciobulletin-logix.jpg ciobulletin-preclinical safety (PCS) consultants ltd.jpg ciobulletin-xcastlabs.jpg ciobulletin-american battery solutions inc.jpg ciobulletin-book4time.jpg ciobulletin-d&l education solutions.jpg ciobulletin-good good natural sweeteners llc.jpg ciobulletin-sigmetrix.jpg ciobulletin-syncari.jpg ciobulletin-tier44 technologies.jpg ciobulletin-xaana.jpg

Latest Magazines

© 2024 CIO Bulletin Inc. All rights reserved.