Intel Corp. will reportedly undertake another round of job cuts, and terminate as many as 140 United States-based employees at the end of the month citing cost cuts. Those being laid off are working out of California, including 89 from its campus in the city of Folsom, and the sum 51 at the San Jose office.
Intel layoffs 2023
As per reports, the cutbacks have been made across a large number of jobs, including programming improvement for GPUs (realistic handling units), distributed computing, and Artificial intelligence (man-made brainpower) processing, and that’s only the tip of the iceberg. Likewise, Intel is accounted for to want to start these work cuts beginning August 31.
A portion of the influenced individuals, be that as it may, might be offered new situations inside the organization.
What Company said in May
While Intel is yet to affirm or formally declare the formal notices, the St Nick Clara-settled chipmaker spread the word about it back in May that it planned to assuage additional individuals from its staff to relieve costs.
“Company is working to accelerate its strategy while navigating a challenging macro-economic environment. We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some businesses and function-specific workforce reductions in areas across the company.” Noted In a Statement
Intel layoffs Dec 2022
In December last year, the tech giant laid off 201 staff members: 111 from the Folsom campus and 90 from the Santa Clara office.
In a regulatory filing in January this year, tech giant stated it had 131,000 employees as of 2022-end, including 13,500 in California.