Stay updated with breaking news from Intel Layoffs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.