Intel to lay off 311 employees in California

 


【Lansheng Technology News】Previously, Intel announced a goal of cutting $10 billion in costs by 2025 through layoffs, reduced working hours and possible sales of divisions.


Intel disclosed the plan in two notices sent to the California Employment Development Department on Nov. 3, one involving about 76 employees at its Santa Clara headquarters and another involving about 235 in Folsom. employees, the layoffs are expected to take effect at the end of 2023.


An Intel spokesperson said in a statement that Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including company-wide layoffs of employees in specific businesses and functions.


As of the end of 2022, Intel had 131,900 employees.


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