Intel Layoffs News Today

Intel kicks off its restructuring plans, with reported layoffs occuring within the Sales and Marketing division, but Intel Foundry Services is all good.

Intel said it plans to lay off 235 employees at its research and development facility in Folsom (Sacramento County), as indicated by regulatory filings to the state.

Intel is cutting 235 jobs in its fifth round of layoffs. The semiconductor giant plans to reduce costs and accelerate its strategy through multiple in

"Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company," a company spokesperson was quoted as saying.

This comes after Intel announced that it will make job cuts this year to cut costs after facing losses.

Intel reportedly plans layoffs in the US, cutting 89 jobs in Folsom and 51 in San Jose as part of cost reduction efforts.

Chip-maker Intel is laying off at least 140 more employees in the US to reduce costs -- 89 employees at its Folsom R&D campus and 51 in San Jose, California.

Intel: The fresh job cuts have been reported to state employment officials and will take effect at the end of the month, reports Sacramento Inno.

Intel cited the need to accelerate its strategy in a challenging macroeconomic environment while still investing in areas core to its business

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