Overview

• Starting July 15, Intel will eliminate 529 positions at its Aloha and Hillsboro, Oregon facilities as part of a broader effort to reduce up to 20% of its global workforce.
• The Oregon cuts follow earlier rounds this year that trimmed 107 roles in Santa Clara, 172 in Chandler, 110 in Austin and 200 in Israel under Tan’s cost-cutting agenda.
• Intel posted a record $19 billion loss in 2024 and saw its share price drop nearly 30% over the past year before the layoff announcement spurred a 7% rally.
• Tan has framed the workforce reduction as necessary to build a “leaner, faster and more efficient” organization to help Intel regain ground on rivals AMD and Nvidia.
• Backed by CHIPS Act subsidies, the company plans to balance headcount cuts with renewed investment in advanced process technologies and R&D to drive its turnaround.