Intel plans to cut over 700 jobs in the Bay Area, specifically 736 positions in Santa Clara. This follows a previous notice of 410 jobs to be eliminated. The layoffs, detailed in WARN letters, are part of Intel's strategy to create a leaner organization and are expected to be permanent. The company is also aiming to reduce its global workforce by 20%, which translates to around 21,000 workers. The Bay Area tech sector has faced significant job losses, with approximately 14,000 jobs eliminated in the first five months of 2025 alone.
Intel has decided to slash well over 700 Bay Area jobs in July as the longtime chipmaker embarks on a restructuring it hopes will create a more nimble company.
The tech company filed a new WARN letter with the state's labor agency that sketches out plans for 736 job cuts in Santa Clara at several locations at or near the company's headquarters.
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.
Collection
[
|
...
]