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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’s job cuts have doubled in California, affecting 1,935 employees across Santa Clara and Folsom. Meanwhile, 2,392 ...
Updated: Our sources tell us mostly back office staff were let go, and that the mood in the office is very pessimistic ...
Edex Live on MSN9h
Tech industry faces major layoffs; Intel and Amazon Web Services begin restructuringIntel, a leading chipmaker, has initiated a substantial layoffs programme, cutting over 5,000 jobs across the United States, ...
Intel has filed documents revealing that the company plans to lay off as many as 5,000 workers in an effort to make the ...
According to the WARN filings, job cuts in California’s Santa Clara and Folsom have doubled, impacting 1,935 employees. In ...
Intel’s position in the industry has slumped badly. Nevertheless, the company is hugely important to Oregon as one of its largest private employers.
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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