Intel is laying off 584 workers in California, more than doubling its previous layoff plans. This includes 410 workers in Santa Clara and 174 in Folsom. The layoffs, driven by a broader overhaul, target a variety of roles, particularly in engineering and technical staff. CEO Lip-Bu Tan has stated that the company must reduce workforce size to lower bureaucracy. Despite intentions to invest in engineering talent, the company has faced significant losses, with a staggering $19.2 billion lost in 2024, exacerbated by competition in the AI market.
Intel is more than doubling its planned layoffs, totaling 584 workers across California, as part of a broader attempt to address billions in losses.
New layoffs will affect a variety of teams, hitting engineers, technicians, researchers, legal staffers, managers, and even nine vice presidents.
CEO Lip-Bu Tan announced the necessity of layoffs for reducing bureaucracy, despite previously emphasizing investment in engineering talent and technology.
Since the release of ChatGPT in November 2022, Intel has struggled, losing $19.2 billion in 2024, as competition in AI has intensified.
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