Intel is reducing its workforce by 736 jobs in Santa Clara due to a restructuring initiative. The company had initially reported plans to cut 410 jobs but later updated the total in a WARN notice. These layoffs are expected to be permanent, with the first phase starting on July 15 and concluding by the end of the month. Intel aims to reduce its global workforce by 20%, which translates to approximately 21,000 employees. The Bay Area tech industry also faces job losses, with around 14,000 positions eliminated in the first five months of 2025.
"Intel now anticipates that the planned action will affect a combined total of approximately 736 employees who work at, or report to, several sites in Santa Clara."
"The first waves of layoffs began July 15 and were slated to be completed by the end of July, according to the WARN letter."
"The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide."
"Over the first five months of 2025, the region lost about 14,000 tech jobs, according to seasonally adjusted industry estimates that Beacon Economics derived from the EDD's official monthly jobs report."
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