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Altera to Cut 82 Jobs at San Jose Headquarters After Intel Stake Sale

The permanent October cuts reflect Intel’s ongoing cost‐cutting push tied to Altera’s transition under Silver Lake majority ownership.

Altera headquarters campus at 101 Innovation Drive in north San Jose, seen on Feb. 14, 2025. (George Avalos/Bay Area News Group)
Intel CEO Lip-Bu Tan delivers a speech during the Computex 2025 exhibition in Taipei, Taiwan, May 19, 2025. Altera Corporation, the programmable chipmaker recently spun off from Intel, will permanently lay off dozens of jobs at its San Jose headquarters, the company told state officials this week.
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Overview

  • Altera filed a WARN notice on August 12 indicating it will eliminate 82 positions at its Innovation Drive headquarters effective October 8, 2025.
  • The layoffs extend Intel’s multi‐quarter restructuring effort following major 2024 losses and prior rounds of U.S. and Bay Area job cuts.
  • Intel sold a 51% stake in Altera to Silver Lake in April for $8.75 billion to grant the programmable‐chip unit operational independence.
  • Intel retains a 49% interest in Altera as the spun-off business navigates its new ownership structure.
  • Intel CEO Lip-Bu Tan faced heightened political scrutiny when President Trump urged his resignation last week and then softened his criticism after meeting him at the White House.