Overview

• Intel initiated layoffs starting July 15 that will affect more than 5,000 employees across Folsom, Santa Clara, Oregon and Arizona, with all terminations set to finish by July 31.
• Updated WARN filings show 344 job cuts at the Folsom campus, 736 in Santa Clara, 2,392 in Oregon and 696 in Arizona, all classified as permanent separations.
• This phase advances CEO Lip-Bu Tan’s plan to reduce Intel’s global workforce by roughly 20 percent and remove layers of organizational complexity.
• Including this round, Intel has eliminated over 20,000 positions in the past year after announcing 16,000 redundancies in August 2024.
• The restructuring aims to stabilize finances and sharpen Intel’s competitive edge against rivals such as AMD and Nvidia.