US Edition
Intel Cuts More than 100 Employees at Santa Clara HQ
CALIFORNIA, JUN 21 – Intel plans to cut thousands of jobs and outsource marketing to Accenture using AI to reduce costs and streamline operations amid a 15% to 20% workforce reduction, CEO Lip-Bu Tan said.
- In July, Intel announced it will outsource marketing to Accenture, leveraging AI, and plans to lay off many staff as part of its restructuring.
- Intel's restructuring, driven by CEO Lip-Bu Tan's cost-cutting and efficiency drive, aims to modernize digital capabilities amid slow decision-making and high complexity.
- According to WARN filings, 107 Santa Clara marketing staff will be notified of layoffs by July 11, with AI handling tasks like data processing and automation.
- Intel's outsourcing and AI-driven restructuring will result in thousands of layoffs, creating leaner teams focused on high-value projects amid strategic cost-cutting.
- Intel’s outsourcing of marketing to Accenture and AI, alongside planned layoffs, reflects a broader industry shift towards automation and digital transformation, emphasizing core growth areas like data centers and AI.
Insights by Ground AI
Does this summary seem wrong?
45 Articles
45 Articles
Intel cuts over 100 jobs at Santa Clara headquarters
(KRON) -- Intel is laying off more than 100 workers at its South Bay headquarters, according to state filings with the Employment Development Department. The filings indicate that the chipmaker will slash 107 jobs at its main campus in Santa Clara. According to a report in the Oregonian, Intel is also shutting down its small automotive business and laying off a majority of the workers in that section. Citing an internal memo, the Oregonian repor…
·San Francisco, United States
Read Full Article
Coverage Details
Total News Sources45
Leaning Left3Leaning Right4Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
Factuality
To view factuality data please Upgrade to Premium
