Intel to lay off 1,300 Oregon employees, part of 15,000 global job cuts, due to declining sales and competition.
Intel will lay off 1,300 employees in Oregon, starting November 15, as part of a larger plan to cut 15,000 jobs globally. This move, affecting about 5.5% of its Oregon workforce, is in response to declining sales and competition. Affected employees will receive a 60-day notice and nine weeks of pay and benefits post-layoff. These actions aim to streamline operations for future growth and agility.
October 15, 2024
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