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Intel laying off 1,300 workers from Oregon site as it reduces workforce by 15,000 workers company wide | That's over 5% of the workforce at Intel's Gordon Moore Park.
That's over 5% of the workforce at Intel's Gordon Moore Park.
Intel has begun to send formal notifications to 1,300 employees at its Gordon Moore Park facility, saying that they only have until next month to stay in their position. The call revealed a $1.6 billion loss driven by Intel falling behind in the AI arms race and widespread failures in its 13th/14th-generation CPUs. It’s currently on track to receive it $8.5 billion direct funding award from the federal government by the end of the year, which will give it a lot of room to breathe.
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