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Intel Cuts Over 500 Jobs in Oregon as Part of Layoff Plan
Intel is laying off over 500 employees in Oregon as part of a broader restructuring plan expected to impact about 20% of its workforce. Bloomberg reports: The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expe...
Bloomberg reports: The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. "Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution," the company said.
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