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Intel Is Planning to Lay Off Up to 10,000 Factory Workers

New York Post on MSN · 2d

Intel set to lay off around 10,000 workers — despite getting $2.2B in CHIPS Act funds under Biden

Struggling chip giant Intel is reportedly preparing to slash up to 20% of its global workforce next month — despite the company receiving more than $2 billion in federal funding under former President Biden’s signature CHIPS Act.

TechCrunch on MSN · 3d

Intel to lay off up to 20% of Intel Foundry workers

Rumors of these layoffs began back in April as Intel looks to refocus on its core business units and shed additional bloat.

OregonLive.com on MSN · 4d

Intel will lay off 15% to 20% of its factory workers, memo says

Next month’s layoffs will take place at Intel sites around the world but could have an especially big effect in Oregon.

12hon MSN

Report: Intel to layoff up to 20% of division responsible for Ohio plant

Intel layoffs have been anticipated for months, but new reports suggest many of them will be concentrated in the division ...

1don MSN

Intel plans July layoffs of 10,000+ staff: How AI boom is impacting it and who’s safe, who’s not

Intel plans significant job cuts in its foundry division starting July. This move could affect over 10,000 employees globally ...

2don MSN

Intel to layoff 10,000+ employees, and why none of them will be getting any severance

Intel is planning significant job cuts in its foundry division. The layoffs will affect thousands of employees globally. This ...

1don MSN

Massive Layoff Alert! Over 10,000 Jobs To Be Slashed At THIS IT Company—Not TCS, Infosys Or Wipro, It Is…..

Intel has announced its third round of layoffs within a year. This time targeting its global foundry operations.

6hon MSN

KGW Weekly Recap: ICE activity intensifies, explosive near I-5, Intel job cuts

ICE detains locals, I-5 explosive scare, Intel layoffs, JinJu Patisserie reopens, and a weekend Weather Impact Alert.

1d

When Will Intel Reinstate Its Dividend?

Intel slashed its dividend in 2023 and suspended it in 2024 amid mounting financial strain. The balance sheet is loaded with ...

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