Overview

• Intel filed a Worker Adjustment and Retraining Notification on June 25 to cut 107 positions at its Santa Clara headquarters starting July 15.
• The company announced the closure of its automotive chip division, leading to layoffs for most of the unit’s employees.
• Marketing functions will be outsourced to Accenture under a new deal that leverages AI for customer communications.
• The cuts affect a range of engineering and manufacturing roles, including physical design engineers, system-on-chip logic specialists, and cloud software architects.
• CEO Lip-Bu Tan’s restructuring plan targets $500 million in operating savings this year and up to 20% workforce reduction companywide.