Intel Layoffs 2025 Oregon

Intel Layoffs 2025 Oregon. Intel to lay off 1,300 of its employees at campuses in Oregon KYMA 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 is due to release its Q3 earnings on October 31

Intel layoffs will hit 15 of total workforce
Intel layoffs will hit 15 of total workforce from www.kgw.com

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

Intel layoffs will hit 15 of total workforce

CEO Pat Gelsinger addressed employees directly, acknowledging the company's need to adjust its cost structure and improve margins in response to market pressures. Intel's new CEO, Lip-Bu Tan, takes charge on March 18, 2025, replacing interim leaders after a bruising year CEO Pat Gelsinger addressed employees directly, acknowledging the company's need to adjust its cost structure and improve margins in response to market pressures.

Tech Companies Layoffs 2024 Katya Melamie. 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 Known for turning Cadence into a tech powerhouse, Tan's transition as Intel CEO promises deep layoffs, beyond the 15,000 cuts of 2024, a cultural overhaul to reclaim agility, and a fierce push against rivals like Nvidia.With Intel stock rising 11% on the news, the semiconductor.

More Intel Layoffs YouTube. It previously forecast third-quarter revenues of $12.5. 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.