Intel
Intel is increasing the number of job cuts it had planned for California from 201 to 544 workers.
That’s according to 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 addition, Intel originally planned to cut 111 employees at its Folsom facility. That number has since climbed to 343. The first separations should be during a 14-day period starting March 15. The company will release more workers after that.
Intel sent us the following statement:
“As discussed on our Q3 earnings call, Intel is working to accelerate its strategy while navigating a challenging macroeconomic environment. We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company. We have more than 13,000 employees in California and continue to invest in areas core to our business, including our U.S.-based manufacturing operations, to ensure we are well-positioned for long-term growth. These are difficult decisions, and we are committed to treating impacted employees with dignity and respect.”