Intel Layoffs 2025 Oregon

Intel Layoffs 2025 Oregon. Intel laying off up to 12,000; Arizona effects unknown It previously forecast third-quarter revenues of $12.5. In August 2024, Intel unveiled its restructuring strategy, targeting a 15% reduction in its global workforce

Hillsboro-based chip maker Intel will lay off around 15,000 people, including 3,000 in Oregon, as it struggles to rebound following several difficult years Why it matters: The semiconductor industry is a major economic driver for Oregon, and although the state has 1% of the country's population, it had 15% of its semiconductor workforce as of 2022.

Intel Layoffs 2024 Oregon Bonita Marketa

In addition to massive layoffs, Intel has also announced sweeping cuts to capital expenditures, research and development, and won't pay a dividend in Q4 In addition to the 1,300 layoffs revealed in Oregon, Intel last week filed notices of 227 cuts in Folsom, California, 47 in Silicon Valley, 385 in Arizona and 251 in Austin, Texas. workers this week with job cuts at the chipmaker's offices in Texas, California and Arizona, in addition to the 1,300 Oregon layoffs the chipmaker.

Thousands of Intel Layoffs Hit 3 Western States. In its WARN notices to the states of California and Oregon, Intel said the layoffs in both states are expected to begin on Nov It previously forecast third-quarter revenues of $12.5.

Intel Layoffs 2024 Oregon Bonita Marketa. Following a series of setbacks — manufacturing layoffs, disappointing sales and missed opportunities for federal investment — Oregon's semiconductor industry finds itself in a period of uncertainty Intel eliminated 1 in every 8 jobs across its Oregon workforce last year, reducing its local headcount by 3,000 positions as it sought to cut costs after a steep and sustained drop in revenue.