Intel is cutting 235 jobs in its fifth round of layoffs. The semiconductor giant plans to reduce costs and accelerate its strategy through multiple initiatives. The layoffs will take place at its research and development facility in Folsom. Intel has previously eliminated 549 positions at the Folsom campus. Reports suggest that up to 20% of employees may be laid off in the client computing and data centre divisions. The company aims to reduce costs by $10 billion by 2025.
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Intel to cut 200-plus jobs in 5th round of layoffs this year, here’s what regulatory filing says
Intel is cutting 235 jobs in its fifth round of layoffs. The semiconductor giant plans to reduce costs and accelerate its strategy through multiple initiatives. The layoffs will take place at its research and development facility in Folsom. Intel has previously eliminated 549 positions at the Folsom campus. Reports suggest that up to 20% of employees may be laid off in the client computing and data centre divisions. The company aims to reduce costs by $10 billion by 2025.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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