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Intel will lay off 15% to 20% of its factory workers, memo says
Next month’s layoffs will take place at Intel factories around the world but could have an especially big effect in Oregon.
The Foundry business includes a broad array of jobs, from technicians on the factory floor to specialized researchers who work years in advance to develop future generations of microprocessors. Next month’s layoffs will take place at Intel factories around the world but could have an especially big effect in Oregon, the heart of the company’s manufacturing operation. The company is responding to a protracted decline in sales and a bleak near-term outlook, driven by intense competition in PCs and data centers and Intel’s failure to develop advanced chips for the booming market for artificial intelligence.
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