Intel intends to eliminate 410 jobs in the Bay Area in July, an increase from a previous estimate of 215. The layoffs will affect employees at the company's Santa Clara headquarters. Additional cuts include 174 jobs in Folsom, scheduled for July 11. All reductions are permanent, although some employees may secure comparable roles within the company. Intel's overall workforce reduction aims to eliminate 20% of its global staff, totaling approximately 21,000 positions. The layoffs are part of a broader trend as several tech companies face economic challenges in the Bay Area.
Intel has revealed plans to cut 410 jobs in the Bay Area during July, an increase from earlier estimates of 215 cuts, reflecting a challenging economic climate.
The job cuts in Santa Clara are set to affect employees at or near Intel's main headquarters complex, with all layoffs scheduled for July 15.
Separate from the Bay Area cuts, Intel is also set to eliminate 174 jobs in Folsom on July 11, signaling a broader restructuring effort.
Despite the layoffs, some employees may retain positions by finding comparable roles within Intel, indicating an effort to retain talent amid significant workforce reductions.
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