Bad news for employees of this company as it will sack 5000 workers in July due to…, not Ratan Tata's TCS, Narayana Murthy's Infosys, Microsoft or Google, it is…
According to multiple reports, Intel is expected to lay off over 5,000 employees across four U.S. states. While the company has not made an official announcement, the information was reported from updated Worker Adjustment and Retraining Notification (WARN) filings. In California, Intel has reportedly doubled its layoffs in Santa Clara and Folsom, impacting around 1,935 employees. The job cuts reportedly began on July 11 in Folsom and on July 15 in Santa Clara. Additional layoffs are expected in Oregon, Texas, and Arizona.
The downsizing is not only happening in the United States. Media reports suggest that Intel is laying off hundreds of employees in Israel majorly in its Kiryat Gat campus. In Hillsboro, Oregon, the company has reportedly let go of 2,392 workers, while 696 employees were laid off in Chandler, Arizona.
Earlier this month, Intel reportedly stated that the layoffs are part of its strategy to become 'leaner, faster, and more efficient.' The company is aiming to eliminate organizational complexity and empower its engineers to better meet customer needs. Microsoft Layoffs
On July 2, the company announced that it was cutting 9,000 around 4% of its global workforce affecting employees at all levels. A company spokesperson said Microsoft will keep making structural changes to position itself and its teams for long-term success.
This was Microsoft's second major round of layoffs in recent times. Earlier this year, it cut 6,000 jobs in May and an additional 300 in June. In January, it had announced plans to reduce its workforce by 1% based on performance evaluations. In 2023, Microsoft laid off 10,000 employees, and in 2014, it slashed nearly 18,000 positions.
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