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India.com
19-07-2025
- Business
- India.com
Bad news for employees of this company as it plans to cut over 5,000 jobs; not Ratan Tata's TCS, Narayana Murthy's Infosys, Microsoft or Google, Wipro, it is…
Intel, one of the world's largest chipmaking companies, plans to lay off more than 5,000 employees in the United States as part of an ongoing restructuring initiative aimed at reviving its struggling business. According to Manufacturing Dive, which cited updated Worker Adjustment and Retraining Notification (WARN) filings, the layoffs will primarily affect employees in California, Oregon, Arizona, and Texas. Based on the California WARN filings, the job cuts in Santa Clara and Folsom have nearly doubled, totalling 1,935 employees. Layoffs began on July 11 in Folsom and July 15 in Santa Clara.
India.com
17-07-2025
- Business
- India.com
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…
The wave of layoffs in the IT sector is still continuing in mid of 2025. After Microsoft announced job cuts of 9,000, Intel is now reportedly preparing for one of its largest rounds of job cuts to date. Intel Layoffs 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.
Time of India
17-07-2025
- Business
- Time of India
Intel confirms more than 5000 layoffs: How tech sector is shifting toward leaner, more strategic workforce models
Intel has confirmed that it will lay off more than 5,000 employees across the United States, marking a significant increase from its initial estimate of nearly 4,000. The company disclosed the updated figures in filings made under the Worker Adjustment and Retraining Notification (WARN) Act, according to Manufacturing Dive. These layoffs represent a fundamental shift in how technology companies are approaching workforce management, moving away from traditional large-scale operations towards more strategic, targeted team structures that prioritise efficiency over headcount. Job losses across key states The bulk of the job cuts are concentrated in Oregon and California, where Intel has increased its estimates substantially. In California, the company now plans to cut 1,935 jobs, more than doubling the original estimate. In Oregon, Intel, the state's largest private employer, is facing a fourfold increase in layoffs, now slated to affect 2,392 workers. Arizona, too, will see 696 layoffs, bringing the total confirmed job cuts across the four states to over 5,000. Restructuring under new leadership The layoffs exemplify a strategic shift under Intel's new CEO, Lip-Bu Tan, who is transforming the company's workforce philosophy towards a leaner, more strategic model. This approach reflects broader industry trends where technology companies are abandoning traditional employment structures in favour of smaller, more focused teams that can adapt quickly to market changes. Intel's decision to reduce organisational complexity demonstrates how the sector is reimagining workforce efficiency in an increasingly competitive landscape. In Oregon alone, the layoffs will impact about 12% of Intel's workforce in the state. The affected positions include engineers working in chip design, cloud software, and manufacturing, as well as several senior leaders, such as business heads and a vice president of IT. The company's internal foundry division, responsible for chip manufacturing, is expected to bear the brunt of the cuts, with up to 20% of its staff facing job losses, according to a leaked memo cited by local media. Voluntary exits and severance benefits In line with previous workforce reductions, the layoffs will primarily be offered as voluntary exits or early retirements. Employees impacted by the cuts will be given either a 60-day or four-week notice, along with severance packages that include nine weeks of pay and benefits. Intel emphasised that these decisions were made after "careful consideration" and that the company intends to treat those affected "with care and respect. " Cultural shift and outsourcing In addition to the workforce reductions, Intel is implementing a cultural transformation that embodies the new strategic workforce model. CEO Lip-Bu Tan announced in a company wide letter, that leadership will no longer be defined by the size of a person's team, marking a decisive break from traditional corporate hierarchies. Instead, Intel will prioritise smaller, high-performing teams that exemplify the leaner workforce approach now emerging across the technology sector. This shift towards strategic team composition over numerical strength represents a fundamental change in how tech companies are structuring their human resources. To further streamline operations, Intel is outsourcing some of its marketing functions to Accenture to manage customer communications. This move is part of Intel's broader effort to cut costs and increase operational flexibility as it adapts to the evolving tech landscape. Shift in employment strategies These layoffs follow a significant reduction in 2024, when Intel eliminated 15,000 positions, illustrating how the company is systematically transitioning to a leaner workforce model. As the tech industry continues to evolve, Intel's restructuring efforts reflect broader trends in how companies are fundamentally rethinking their employment strategies. The emphasis on strategic workforce planning over traditional large-scale hiring suggests that this leaner approach may become the new standard for technology companies seeking to remain competitive while maintaining operational agility. Tech sector adapting to a new reality Intel's decision to lay off over 5,000 employees represents a key moment in the technology sector's evolution towards leaner, more strategic workforce models. While painful for those affected, these cuts demonstrate how companies are moving away from traditional large-scale employment structures towards more targeted, efficient team compositions. As Intel continues to implement this strategic approach to workforce management, the broader tech industry is witnessing a fundamental shift in employment philosophy, one that prioritises strategic capability over numerical strength and operational agility over organisational size. This transformation suggests that the future of tech employment will be characterised by smaller, more specialised teams designed to deliver maximum impact with minimal resources. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
India Today
17-07-2025
- Business
- India Today
Intel confirms it is laying off not 4,000 but 5,000 employees this week
Intel has confirmed it is laying off more than 5,000 employees across the United States this week, a significant increase from the nearly 4,000 job cuts that were earlier estimated. The revised numbers were revealed in updated filings made under the Worker Adjustment and Retraining Notification (WARN) Act, according to a report by Manufacturing Dive. The largest share of job losses is in Oregon and California. In California, Intel has reportedly doubled its layoff estimates to 1,935 employees. In the Oregon unit, where Intel is the state's biggest private employer, the company has apparently increased its layoffs fourfold, now planning to cut 2,392 chipmaker has also raised the number of layoffs in its Arizona office to 696. These updated figures bring the total number of confirmed layoffs across the four states to over 5, round of job cuts is part of a major restructuring plan under new CEO Lip-Bu Tan. He is pushing for a leaner, more efficient Intel, after the company lost ground in recent years to semiconductor rivals. Intel has said the layoffs are aimed at reducing organisational complexity and helping the company better serve customers. In Oregon alone, the cuts affect about 12 percent of Intel's local workforce. Employees being let go include engineers working on chip design, cloud software, and manufacturing, as well as some senior leaders such as business heads and a vice president of IT. The internal foundry division, which handles chip manufacturing, is expected to be among the hardest hit, with up to 20 percent of its staff facing job loss, according to a leaked memo that was cited by The Oregonian in a report last week. If these layoffs follow the same pattern and process as the previous recent layoffs by the company, then they will be offered as voluntary exits or early retirements. Affected workers will also receive either a 60-day or a four-week notice, along with nine weeks of pay and a recent statement, Intel CEO also said that the company's internal culture is being shifted too. He said that leadership will no longer be defined by the size of a person's team. Instead, the company wants to focus on smaller, high-performing teams. Some of Intel's marketing functions will be outsourced to Accenture, which may use AI tools to manage parts of customer layoffs in 2025 by Intel come after the company let go of 15,000 employees in 2024. In a statement, Intel has recently said that the decision to lay off staff was made after 'careful consideration' and promised to treat those impacted 'with care and respect.' - Ends
Business Insider
16-07-2025
- Business
- Business Insider
Sales Down, Layoffs Rise: Intel Stock (NASDAQ:INTC) Continues Slide
The news continues to look grim for chip stock Intel (INTC), as word about sales in some venues emerges, especially when compared to the competition. Worse, the news about layoffs is also on the rise, as numbers keep climbing. These points together hit Intel somewhat, and shares slipped fractionally in Tuesday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. New reports say that Intel is having a very tough time keeping up with Advanced Micro Devices (AMD), as even some of AMD's least-popular offerings are still beating Intel sales in at least some venues. A report from Mindfactory revealed that AMD had about 94% of CPU market revenue. Worse for Intel, even the entirety of the last three generations of sales was not sufficient to overtake the AM4 platform at AMD. Last week's numbers were even more conclusively weighted in AMD's favor; Intel sold around 150 units last week. AMD sold around 1,725 units in that same time frame, easily blowing Intel out of the water. In fact, reports noted, out of the top 20 processors sold last week, AMD was responsible for 19 of them. Layoffs Stagger With revenue suddenly looking a bit shaky, Intel's plans to cut costs to the bone—and possibly beyond—seem to only intensify. New reports say the number of layoffs planned at Intel's Arizona plant has only climbed, with an original Worker Adjustment and Retraining Notification (WARN) Act document calling for 172 layoffs at the Arizona facility. The latest numbers have swelled to 696 employees out the door. The numbers in aggregate, meanwhile, are getting unnerving. Since last August, reports noted, Intel has cut 5,400 jobs in Oregon alone, and nearly half of those—about 2,400—just hit in the last week. New reports peg the company's current workforce in Oregon at under 18,000. Intel is not stopping there, either, with word out of the company saying more cuts are to come on top of those already seen. This is prompting concern within Oregon itself, as finding replacements for those jobs will be difficult for many and outright impossible for some. Is Intel a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 26 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 32.15% loss in its share price over the past year, the average INTC price target of $21.60 per share implies 6.31% downside risk.
