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Intel Confirms Mass Layoffs

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Intel cuts 572 jobs at Folsom campus over three weeks
Over the past three weeks, Intel has reported roughly 572 layoffs at its facility in Folsom, according to a state report. In June, the chip maker filed a Worker Adjustment and Retraining Notification (WARN) that it would be laying off 54 people in Sacramento County.

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PCMag on MSN · 16h
Intel Confirms Mass Layoffs, Over 24,000 Jobs To Be Cut This Year
Intel layoffs begin: Chipmaker is cutting many thousands of jobs
Intel Cuts Back Spending, Workforce as Struggling Chip Maker Mounts Comeback
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals...

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Intel’s CEO just revealed why more layoffs are coming. His memo shows the grim impact of course correction
Intel shares drop almost 6% on disappointing guidance, job cuts
Intel’s CEO needs a path to profits to win over stock skeptics
The key for Intel is cashing in on the build out of artificial intelligence infrastructure, perhaps the biggest bonanza the semiconductor industry has ever seen.

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Intel to lay off almost a third of its staff and scale back foundry investments
Intel Q2 results show year-over-year foundry gains; restructuring charges hit EPS
Bay Area tech giant Intel doubles California layoffs amid major struggles
Intel, the Bay Area tech giant whose failure to innovate alongside other major chipmakers has turned it into a laggard of the artificial intelligence era, is more than doubling its planned layoffs in California.
Intel lays off hundreds of employees at Folsom facility
Intel is laying off hundreds of employees in various roles at its Folsom campus, according to a notice filed with the state of California.
Intel swings the axe again as it looks to lose 5,000 staff
Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic
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Intel admits it's too late to catch up, lays off thousands of workers
Intel has filed documents revealing that the company plans to lay off as many as 5,000 workers in an effort to make the company faster and leaner.
Intel layoffs exceed 5,000 across US
The chipmaker more than doubled its anticipated job cuts in California, adding to its overall downsizing across four states.
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