Overview

• Intel filed WARN notices for 410 cuts at its Santa Clara headquarters effective July 15 and 174 reductions in Folsom effective July 11.
• All planned job eliminations are permanent, though affected employees may secure comparable roles elsewhere within the company.
• These Bay Area reductions form part of a global workforce restructuring announced earlier this year that aims to cut 20% of Intel’s staff.
• The layoffs span a broad spectrum of technical and managerial roles, including engineers, technicians, researchers, legal staffers, managers and vice presidents.
• Intel’s cost-cutting push follows a $19.2 billion net loss in 2024 and mounting pressure from rivals such as Nvidia and AMD in the AI chip market.