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Intel to Cut Factory Jobs as Fresh Layoffs Begin in July

StartupTalky

StartupTalky · 2m ago

Intel to Cut Factory Jobs as Fresh Layoffs Begin in July

Intel plans to lay off numerous employees at its production facilities starting mid-July, under new CEO Lip-Bu Tan's leadership. The layoffs aim to streamline operations and boost competitiveness in the semiconductor sector. Intel intends to empower engineers and better meet customer needs, addressing challenges like reduced demand and increased competition in AI. Despite employee concerns about transparency, the firm looks to enhance production, AI capabilities, and regain investor confidence amidst strategic transformation.

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Related News

Intel to Slash 4,000 Jobs by Mid-July in Major Restructuring Push

StartupTalky

StartupTalky · 1m ago

Intel to Slash 4,000 Jobs by Mid-July in Major Restructuring Push

Intel plans to cut nearly 4,000 jobs by mid-July as part of a restructuring led by CEO Lip-Bu Tan. Most affected will be Oregon, where 2,400 positions will be eliminated. The layoffs come as Intel loses ground in the semiconductor and AI chip markets to companies like TSMC and Nvidia. This restructuring involves exiting the automotive chip sector, outsourcing marketing, and a focus on AI and edge computing to restore profitability.

Tech layoffs: Over 27,000 jobs lost in August 2024; Intel, Cisco and IBM lead the wave

Livemint

Livemint · 11m ago

Tech layoffs: Over 27,000 jobs lost in August 2024; Intel, Cisco and IBM lead the wave

Tech layoffs in August 2024 impacted the industry as major players like Intel, Cisco, and IBM made significant job cuts. Over 27,000 workers lost their jobs across 40 companies. Intel plans to eliminate 15,000 jobs, while Cisco intends to reduce its workforce by 6,000. IBM is withdrawing its R&D operations from China, resulting in 1,000 job losses. German chipmaker Infineon plans to cut 1,400 jobs. Other notable layoffs include GoPro, Apple, Dell Technologies, ReshaMandi, and Brave. These layoffs highlight the ongoing volatility in the tech industry.

Salesforce to cut 1,000 roles: Report

Economic Times

Economic Times · 6m ago

Salesforce to cut 1,000 roles: Report

Salesforce is set to cut over 1,000 jobs while hiring for new AI product roles, according to Bloomberg News. Affected employees can apply for other internal positions, though the specific divisions targeted were not disclosed. As of January 2024, Salesforce had 72,682 employees. Previous layoffs in 2024 included 700 personnel in January and another 300 in July. The company will announce its quarterly earnings on February 26. Salesforce has been expanding its AI-powered platform, Agentforce.

Tech layoffs: Intel expects to shrink workforce to 75,000 by year end - The Economic Times

Economic Times

Economic Times · 29d ago

Tech layoffs: Intel expects to shrink workforce to 75,000 by year end - The Economic Times

Intel plans to reduce its workforce by over 25,000 jobs by 2025 to manage costs and improve competitiveness in the chip market. The company will halt certain factory projects in Europe, slow U.S. expansion, and consolidate operations in Asia. CEO Lip-Bu Tan acknowledged these difficult decisions needed to enhance efficiency and accountability. This comes as Intel faces financial challenges, posting a $2.9 billion net loss in the second quarter due to restructuring charges.

Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others

Startup News FYI

Startup News FYI · 1y ago

Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others

In January 2024, several tech companies implemented job cuts. Frontdesk fired all 200 employees during a two-minute call, Google laid off hundreds of staff across various divisions, Microsoft cut 1,900 jobs, Amazon announced layoffs in Audiobooks, Prime Video, and Twitch divisions, Xerox reduced its workforce by 15%, Unity Software cut 1,800 jobs, Discord laid off 17% of its employees, eBay cut 1,000 jobs, Flipkart laid off 1,000 employees, Swiggy laid off 400 employees, Riot Games cut 11% of its staff, TikTok laid off 60 workers, and Salesforce announced 700 job cuts.

Intel says it's bringing back free office coffee to boost morale after a rough year

Business Insider

Business Insider · 9m ago

Intel says it's bringing back free office coffee to boost morale after a rough year

Intel is reinstating free beverages for its employees at worksites as part of an effort to improve morale. The perk had been cut in September as part of cost-cutting measures, but the company has decided to bring back the complimentary coffee and tea. However, free fruits will not be restocked. Intel has faced setbacks in recent years, including missing out on opportunities in the mobile chip and artificial intelligence markets. The company has implemented cost-cutting strategies, including cutting employee benefits and announcing layoffs.

Intel jobs cut: Company reduces work force and shifts towards 'Hybrid-First' mode

Livemint

Livemint · 2y ago

Intel jobs cut: Company reduces work force and shifts towards 'Hybrid-First' mode

Intel is reportedly set to lay off 89 employees in Folsom and 51 in San Jose in the US as part of cost-cutting efforts. The layoffs, impacting various engineering and software roles, are aimed at addressing previous losses. Intel aims to manage economic challenges while respecting affected employees and is considering consolidating offices in Bengaluru. The company's Folsom campus hosts R&D divisions for SSDs, graphics processors, software, and chipsets. Intel's move to cut costs is in response to a challenging macroeconomic climate.

As Google layoffs continue, a look at Big Tech job cuts in 2025

Economic Times

Economic Times · 3m ago

As Google layoffs continue, a look at Big Tech job cuts in 2025

In 2025, tech companies like Google, Meta, Microsoft, and Apple are continuing layoffs amid AI-focused strategies. Google recently cut 200 jobs in its global business unit, following previous reductions in its Platforms & Devices unit earlier this year. Microsoft plans middle management layoffs in May, while Meta laid off 3,600 staff in February due to performance reviews. Apple also cut roles in its digital services arm in 2024. The trend reflects a broader tech industry downsizing.

Boeing cuts hundreds of jobs in Washington, California amid workforce reduction plan | Company Business News

Livemint

Livemint · 8m ago

Boeing cuts hundreds of jobs in Washington, California amid workforce reduction plan | Company Business News

Boeing has recently laid off hundreds of workers across Washington state and California as part of its plan to reduce its workforce by 17,000 jobs. The company previously announced that it would cut its workforce by 10% to address financial and operational challenges. Approximately 400 employees in Washington and over 500 in California were affected by these layoffs.

Amazon Games cuts 180 jobs

Economic Times

Economic Times · 1y ago

Amazon Games cuts 180 jobs

Amazon.com has cut approximately 180 jobs in its games division, marking the second round of layoffs in under a week. The company cited the need to focus resources on areas with the highest growth potential. The restructuring comes after a round of job cuts in the streaming music and podcast division. Amazon remains committed to developing and publishing games and is actively recruiting for other roles in the games division. This follows a previous cut of about 100 jobs in the games unit in April.

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