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Intel cuts hundreds more Bay Area jobs as tech layoffs worsen
Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.
Intel has filed documents revealing that the company plans to lay off as many as 5,000 workers in an effort to make the ...
Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic ...
Intel’s position in the industry has slumped badly. Nevertheless, the company is hugely important to Oregon as one of its largest private employers.
The job cuts are taking place in California, Oregon, Arizona and Texas, as leadership looks to reduce layers of teams within ...
Intel was once the undisputed king of semiconductors, but it lost its competitive edge. Now, a new CEO is making painful choices to right the ship.
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