Intel cuts hundreds of US workers just in time for Christmas
Over 300 Intel workers lose their jobs
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Intelhas taken the jobs away from 311 California workers in the run-up to Christmas, according to the latest data available from the West Coast state’s Employment Development DepartmentWARN filings.
The redundancies are set to affect 235 workers in the chipmaker’s Folsom offices, as well as 76 from other Santa Clara-based workspaces.
In all cases, workers have been given until the end of the month, and the end of this year, before they have their contracts cut.
Intel announces more redundancies
The company also laid off 140 workers in August, as well as around 500 others during the peak layoffs season of late 2022 and early 2023, according to data fromlayoffs.fyi.
Intel employs around 110,000 workers globally, making these headcount reductions reasonably small in terms of percentages, however layoffs continue to affect workers the same, whether in mass or in dribs and drabs.
A company spokesperson toldThe Register: “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workforce reductions in areas across the company.”
Around 13,000 of its workers are based in and around California’s biggest cities, and the company has already committed to investing more in US-based manufacturing processes, likely as a result of continuing geopolitical tensions spearheaded by tit-for-tat China-US import and export restrictions.
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The spokesperson added: “These are difficult decisions, and we are committed to treating impacted employees with dignity and respect.”
TechRadar Pro has asked Intel for more information about the type of remuneration and/or redundancy packages that affected workers can expect as they look to transition to another role elsewhere. A company spokesperson commented:
“ntel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workforce reductions in areas across the company. We have more than 13,000 employees in California and continue to invest in areas core to our business, including our U.S.-based manufacturing operations, to ensure we are well-positioned for long-term growth.
These are difficult decisions, and we are committed to treating impacted employees with dignity and respect.”
Moreover, the companyannouncedmore than 12 months ago that it would be “driving $3 billion in cost reductions in 2023, growing to $8 billion to $10 billion in annualized cost reductions and efficiency gains by the end of 2025.”
Redundancies are never good news, for a company or its workers, but keeping them to a minimum is better news than we might have expected previously, given the scale of the cost reductions announced in October 2022.
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With several years’ experience freelancing in tech and automotive circles, Craig’s specific interests lie in technology that is designed to better our lives, including AI and ML, productivity aids, and smart fitness. He is also passionate about cars and the decarbonisation of personal transportation. As an avid bargain-hunter, you can be sure that any deal Craig finds is top value!
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