Intel mass layoffs begins: Over 2,000 jobs in these locations impacted – Times of India

Intel has begun implementing mass layoffs that it announced back in August, impacting more than 2,000 jobs across several US states. The company says these workforce reductions are part of its broader cost-cutting measures.

Employees in Oregon, Arizona, and these other US states affected

According to multiple reports, the layoffs will affect approximately 1,300 employees in Oregon, 385 in Arizona, 319 in California, and 251 in Texas.
The impact is particularly significant in Oregon, where Intel is the second-largest private employer with over 20,000 workers. The affected employees in Oregon are based at facilities in Aloha and Hillsboro.
The job cuts are set to begin on November 15, with employees receiving either a 60-day notice or a four-week notice with additional pay and benefits.

More job cuts coming

These layoffs are part of Intel CEO Pat Gelsinger‘s plan, announced in August, to eliminate over 15,000 jobs globally and reduce costs by more than $10 billion. The company aims to streamline operations in response to worsening financial conditions and increased competition in the semiconductor industry. So, more job cuts across more regions are expected.
An Intel spokesperson confirmed that these job cuts are necessary steps to create “a leaner, simpler, and more agile company” positioned for long-term sustainable growth.
The layoffs come alongside other strategic changes, including delays in opening new facilities outside the United States and restructuring its contract chip manufacturing business.