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Intel reportedly plans to lay off up to 20 percent of factory workers.
In a memo seen by The Oregonian, Intel manufacturing Vice President Naga Chandrasekara tells workers that the company could cut between 15 and 20 percent of workers in its Foundry division. “These are difficult actions but essential to meet our affordability challenges and current financial position of the company,
Intel was one of the largest beneficiaries of CHIPS Act funding, winning a total award of $7.86 billion toward the end of ...
A report from OregonLive claims the cost-cutting effort, scheduled to begin as soon as mid-July 2025, will primarily affect ...
As of the end of 2024, Intel had 4,000 employees at its manufacturing plant in Kiryat Gat, although this number could have ...
Intel is reportedly implementing layoffs affecting 15% to 20% of its manufacturing workforce, as confirmed in an internal ...
Intel will begin layoffs at its Intel Foundry division in mid-July as part of a new restructuring effort to cut costs while ...
An internal memo obtained by The Oregonian/OregonLive revealed that Intel plans to initiate layoffs in mid-July, with the ...
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