Overview

• Intel revised its WARN notice to increase planned permanent cuts at its Folsom, California, campus from 54 to 344 positions.
• The first terminations began July 11 and are set to occur within a 14-day period, according to state filings.
• Product development engineers are the most affected group, with 31 roles slated for elimination.
• The company described the reductions as steps toward removing organizational complexity, empowering engineers and improving efficiency.
• These layoffs mark the latest phase of CEO Lip-Bu Tan’s global cost-cutting and refocusing drive toward core data-center and AI businesses.