Overview

• WARN filings detail 5,500 positions eliminated across California (1,935), Oregon (2,932) and Arizona (696) starting in mid-July.
• This round of reductions represents the newest phase of Tan’s plan to trim workforce by 20% and flatten organizational layers.
• Tan has pledged to cut $500 million in operating expenses this year and another $1 billion next to fund engineering priorities.
• As part of strategic divestitures, Intel will wind down its Munich automotive chip business and lay off most of its local staff.
• The overhaul aims to help Intel recover from a $19 billion loss in 2024 and claw back share in the AI chip market from Nvidia, AMD and Arm.