The Intel Oregon workforce is down to its lowest point in more than a decade, but there may be more cuts on the way.

Intel is coming off of two consecutive quarters of large losses, including a 36% year-over-year drop in revenue in the first quarter. Intel Corp. (Nasdaq: INTC) plans a new round of layoffs as it ...

Intel plans to cut 15%-20 % of its global fab network workforce — between 8,170 and 10,890 employees — to reduce costs, but this risks operational agility and potentially jeopardizes federal ...

While an exact timeline for the layoffs was not laid out, the company said it expects to complete the 15% reduction by the end of the year. The job cuts are set to impact about 18,720 workers.

Intel last month reported its largest quarterly loss in company history amid a slump in personal computer sales. First-quarter net loss was $2.8 billion and revenue was down 36% year-over-year.

Following Layoffs, Intel ... “The changes are designed to impact our ... it’s safe to assume that Intel is doing its best to compete in these less-than-ideal economic times. Still, Intel has ...

Intel disclosed on Tuesday that mass layoffs will impact 2,000 jobs at locations ... Arizona’s WARN notice web page said that the 385 Intel employees laid off in the state were based in a ...

Intel Cuts Outlook, Says Layoffs Are in Store. ... Intel’s stock plunged 60% in 2024 and the company ousted its CEO. That has left new CEO Lip-Bu Tan facing significant challenges, ...

Intel turns to layoffs as it looks to slash expenses A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. · Manufacturing Dive · Justin Sullivan via ...

Intel plans to lay off more than 300 California employees in a wide range of roles, including software development for GPUs, cloud computing and AI computing. New Intel Layoffs Impact GPU And ...

Intel is set to implement significant layoffs, impacting 15% to 20% of its Intel Foundry workforce starting in July, potentially affecting over 10,000 employees globally. This move is part of CEO ...