Get the latest tech news
Intel Will Lay Off 15% To 20% of Its Factory Workers, Memo Says
Intel will lay off 15% to 20% of its factory workforce starting in July, potentially cutting over 10,000 jobs as part of a broader effort to streamline operations amid declining sales and mounting competitive pressure. "These are difficult actions but essential to meet our affordability challenges a...
Intel will lay off 15% to 20% of its factory workforce starting in July, potentially cutting over 10,000 jobs as part of a broader effort to streamline operations amid declining sales and mounting competitive pressure. Oregon Live reports: Intel announced the pending layoffs in April and notified factory workers last week that the cuts would begin in July. 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.
Or read this on Slashdot
