Intel has announced plans to lay off around 5,000 employees, primarily in California and Oregon. The layoffs are part of a broader strategy to cut the workforce by 20 percent due to declining x86 dominance and limited success in the GPU market. WARN notices reveal nearly 2,000 layoffs in California and 2,500 in Oregon, with additional cuts reported in Arizona and Israel. These decisions follow previous layoffs totaling over 20,000 staff in the last year, contributing to low employee morale amid economic challenges.
New CEO Lip-Bu Tan has warned Intel's in a bit of a bind - its x86 dominance is fading, the company is nowhere in GPU, and the plan to offer foundry services to other chip design companies hasn't set the world on fire - so the layoffs are another step in its goal of cutting headcount by 20 percent and reducing costs.
WARN notices published in recent days show Intel plans nearly 2,000 layoffs in its Folsom and Santa Clara sites in California, plus around 2,500 workers from Hillsboro and Aloha in Oregon, as an outlet called Manufacturing Dive first reported.
Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution.
Everyone's wondering if they're going to be next. There's an air of gloom over the plant.
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