Intel to Cut 140 Jobs at California Sites - Report

Seekingalpha2023-08-22

Intel (NASDAQ: INTC) is going to layoff 89 employees at its campus in Folsom and 51 staff at offices in San Jose, California, The Business Journals reported.The cuts were reported to state employment ...

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The cuts were reported to state employment officials last week and will take effect at the end of the month, the report added.  In May, the chip giant noted that it plans to cut its workforce to reduce costs, according to a report by USA Today. Several tech companies having been undertaking job cuts. Earlier this year, Google parent Alphabet   announced its plan to cut about 12,000 jobs. In march, Meta Platforms  said it would layoff about 10,000 people and put the brakes on plans to fill 5,000 open positions.   More on Intel  Intel: The King Is Making A Comeback Against All Odds Intel: The Comeback We've All Been Waiting For Intel's Comeback Could Be Epic  Apple, Intel among US companies raising voice against India's PC import curbs - report Intel axes Tower Semiconductor acquisition after not getting China nod Intel expected to walk from Towe","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"INTC":"英特尔"},"translate_title":"英特尔将在加州工厂裁员140人","themeId":"95e3e7595ac2407d82a2e646db9ba6e0","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":1.1},"content_text":"Intel (NASDAQ: INTC) is going to layoff 89 employees at its campus in Folsom and 51 staff at offices in San Jose, California, The Business Journals reported.The cuts were reported to state employment officials last week and will take effect at the end of the month, the report added.In May, the chip giant noted that it plans to cut its workforce to reduce costs, according to a report by USA Today.Several tech companies having been undertaking job cuts. Earlier this year, Google parent Alphabet (GOOG) (GOOGL) announced its plan to cut about 12,000 jobs. 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