2. Pat Gelsinger, Intel

Intel is increasing the number of job cuts it had planned for California from 201 to 544 workers.

That’s according to Worker Adjustment and Retraining Notification (WARN) notices with the California Employment Development Department.

Intel is cutting 201 workers at its headquarters in Santa Clara. That’s up from 90. Expect the layoffs to be complete by the end of this month.

In November, Intel announced a plan to slash operational expenses by up to $10 billion within three years, including $3 billion this year. The cost-reduction plan includes layoffs.

Pat Gelsinger, Intel’s CEO, announced the spending cuts during the company’s third-quarter earnings call. In addition, Intel will reduce $2 billion in capital expenditures.

Gelsinger made waves when he said layoffs are necessary to “optimize headcount,” which he said will add $2 billion more in savings.

Analysts this week also called Intel’s latest earnings report its worst in 20 years.

Read more here about the cuts.