Intel Layoffs
August 2023
Intel announced a layoff affecting 140 employees in August 2023. The company operates in the Hardware sector.
140
Aug 17, 2023
About
In May 2023, Intel initiated a new round of layoffs, primarily targeting its client computing and data center groups, following earlier workforce reductions in October 2022. The company is cutting 140 research and development positions in California, with 89 employees affected at its Folsom campus and 51 in Santa Clara. These cuts are part of Intel's broader restructuring efforts to streamline operations and reduce costs amid shifting market demands and competitive pressures in the semiconductor industry. As a major player in the tech sector, Intel continues to adjust its workforce while investing in strategic areas like AI and advanced packaging to maintain its market position.
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