Intel To Cut 235 Jobs

In keeping with its recent practice of downsizing, Intel has announced that it will be eliminating 235 positions from its Folsom, California, research and development facility. The company will be laying off employees for a duration of two weeks starting on 31 December. This will be the seventh wave of layoffs the company has experienced this year alone.

Intel's move to simplify operations and adjust to the constantly changing market dynamics is described in depth in reports derived from state regulatory filings, which were extensively reported by the San Francisco Chronicle.

An Intel representative underlined the company's commitment to advance its strategic direction while controlling costs. They went on to say, "Intel is working on accelerating its strategy while reducing costs through various initiatives, including targeted workplace reductions across the company."

This move could portend more reorganisation for Intel. Earlier this year, the business cut 549 jobs from its Folsom facility, accounting for more over 10 per cent of its total workforce.

These job layoffs are consistent with Intel's larger financial objectives. In 2022, the business revealed plans to cut expenses by $10 billion by 2025, which would include layoffs, shorter working hours, and possible division divestitures.

Despite these cuts, Intel still has a sizable workforce in California, employing over 13,000 people, according to Business Today. The Folsom facility is critical for R&D operations and is involved in a variety of initiatives, including SSDs, graphics processors, software, and chipsets.

Earlier reports suggested that up to 20 per cent of employees in the client computing and data centre divisions could be laid off.