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Intel eyes hundreds more Bay Area job cuts as tech layoffs worsen
Intel has decided to slash well over 700 Bay Area jobs in July as the longtime chipmaker embarks on a restructuring it hopes will create a more nimble company. The tech company filed a new WARN letter with the state’s labor agency that sketches out plans for 736 job cuts in Santa Clara at several locations at or near the company’s headquarters.
Major chipmaker Intel is undergoing another round of layoffs, which are expected to affect nearly 700 workers at its Chandler ...
Intel is laying off more than four times as many people in Arizona as the company had originally announced last week.
Intel was once the undisputed king of semiconductors, but it lost its competitive edge. Now, a new CEO is making painful ...
Also, another recent WARN notice shows that Intel has increased its planned layoffs in Arizona from 170 to almost 700. This new round of layoffs means Intel has cut over 20,000 jobs, a year after it ...
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Intel Begins Layoffs In Oregon, Arizona As Part Of Broader Overhaul; Retail Traders Stay Positive As Stock RalliesIntel Corp. (INTC) stock rallied sharply on Tuesday, outperforming its tech peers, as the chipmaker began laying off ...
Intel to cut 4,000 jobs in the US, with Oregon seeing its largest tech layoff under CEO Lip-Bu Tan’s leadership.
The layoffs come after the company announced plans to reduce its workforce in an attempt to save $10 billion in 2025.
A similar wave of layoffs hit the East Valley plant late last year after the struggling chipmaker announced a significant reduction of its workforce worldwide.
The news comes after company leaders said they were planning reductions amid an organization-wide overhaul prompted by a ...
Reports of job losses at Intel are reaching critical mass. In the past week, layoffs totalling around 4,000 people are ...
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