After experiencing losses, Intel said that it would eliminate jobs this year in order to reduce expenses.
In order to reduce costs, Intel, a US-based chipmaker business, has announced another wave of mass layoffs. According to a report by Sacramento Inno, the corporation has eliminated 51 jobs from its San Jose, California headquarters and 89 jobs from its Folsom campus. This follows the company’s announcement in May that it would be cutting costs by terminating staff as a result of losses.
layoffs at Intel
According to rumors, the layoffs will begin at the end of the month. Additionally, along with other staff, Intel is laying off 10 GPU software engineers, 8 system software development engineers,
6 cloud software developers, 6 product marketing engineers, and 6 system-on-chip design engineers.
Notably, Intel maintains R&D divisions on its Folsom site for a variety of tasks, including the creation of SSDs, graphics processors, software, and chipsets.
Intel previously indicated its intention to reduce expenses in the face of a difficult macroeconomic climate by making layoffs.
At the time, the chipmaker kept quiet about the precise number of upcoming hires. It provided Business Today with an official statement that read: “Intel is trying to accelerate its plan while managing a tough macro-economic environment.
Through a number of initiatives, including certain business- and function-specific personnel reductions across the organization, we are concentrating on finding cost savings and efficiency benefits. In order to maintain our strong position for long-term growth, we continue to invest in areas that are fundamental to our business. Despite the fact that these are difficult choices, we are committed to treating the impacted employees with respect and decency.
It was claimed that Intel intended to sell its Bengaluru site in June of this year as part of its continuous dedication to the “Hybrid-first” approach. It seemed to be preparing to agree to a lease with the new owners.
The business had said, in an email statement, that it was a hybrid-first business and that it was “continuing to assess and optimize our space utilization to create more vibrant workspaces for our employees when they are on-site, while also achieving cost reductions.” As a result, we will merge certain of our Bengaluru offices. With over 14,000 personnel stationed there, Bengaluru is still a significant hub for design and engineering at Intel.
