Intel to lay off more than 5,500 employees in US in latest round of job cuts

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Chipmaker Intel will fire more than 5,500 employees across various states in the United States, according to filings by the company. Earlier estimates had put the number of employees set to be axed at around 4,000.

According to Worker Adjustment and Retraining Notification (WARN) filings—declarations companies have to file in certain US states before mass layoffs—Intel workforce in California and Oregon will be the worst hit in the upcoming round of layoffs. The company has doubled its layoff estimates in California to 1,935 employees. In Oregon,…



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Intel to lay off more than 5,500 employees in US in latest round of job cuts



Chipmaker Intel will fire more than 5,500 employees across various states in the United States, according to filings by the company. Earlier estimates had put the number of employees set to be axed at around 4,000.

According to Worker Adjustment and Retraining Notification (WARN) filings—declarations companies have to file in certain US states before mass layoffs—Intel workforce in California and Oregon will be the worst hit in the upcoming round of layoffs. The company has doubled its layoff estimates in California to 1,935 employees. In Oregon,…



Source link

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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