Intel, the global tech company known for making computer chips, is laying off over 5,000 employees in July. This is one of the biggest rounds of job cuts in the company’s history.
The layoffs are part of a major restructuring plan led by Intel’s new CEO, Lip-Bu Tan. The goal is to reduce costs and fix the company’s financial problems during tough market conditions.
States Most Affected
According to a report by Manufacturing Dive, Intel has filed official layoff notices (called WARN filings) showing where most job losses will happen:
- Oregon: About 2,392 jobs will be cut — four times more than earlier estimates.
- California: Around 1,935 employees will lose their jobs.
- Arizona: Nearly 696 people will be affected.
- Texas: Several hundred layoffs are expected.
Departments Hit the Hardest
The layoffs will affect people working in:
- Chip design
- Cloud software
- Manufacturing
- HR (Human Resources)
- Marketing
- Training
- Even top executives including a Vice President of IT
Intel will also cut about 20% of the staff in its foundry division (a unit responsible for chip production). Some of the marketing tasks will be given to Accenture, which may use AI tools to manage customer communication.
Read more: Intel Reveals Layoff Plans and Division Shutdowns to Reshape Future
Layoffs Part of a Bigger Plan
Earlier in 2024, Intel had already cut around 15,000 jobs. With this new wave, the total number of layoffs in the past year has now crossed 20,000.
The company says these steps are meant to make operations simpler and more efficient by creating smaller, high-performing teams.
Also See: Citigroup’s China Cuts: What 3,500 Layoffs Reveal About Big Bank Strategy in 2025
Support for Affected Employees
Employees who are losing their jobs will get a four-week notice period, along with nine more weeks of salary and benefits.
