Intel Says It's Cutting More than 500 Jobs in Oregon
OREGON, JUL 8 – Intel plans to cut 529 jobs at four Oregon campuses to address financial challenges, affecting engineers and managers as part of a global 15% to 20% factory workforce reduction.
- Intel announced it will lay off approximately 529 employees across four Oregon campuses starting July 15, 2025.
- The layoffs follow Intel CEO Lip-Bu Tan's mandate to reduce spending and complexity amid financial losses and intense market competition.
- Affected roles include software engineers, cloud system developers, program managers, and specialists in artificial intelligence and chip design.
- Intel said the job cuts are intended to create a more efficient and agile company, and the affected employees will receive severance pay along with extended health coverage.
- These layoffs are part of broader global reductions, potentially impacting 20% of Intel’s workforce as the company adapts to volatile market conditions.
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Intel Layoffs Continue: Chip Giant Led by New CEO Lip-Bu Tan Preparing To Cut Over 500 Jobs as Part of Ongoing Restructuring Efforts, Say Reports | 📲 LatestLY
US-based chip giant Intel is reportedly preparing to lay off more employees as a part of its restructuring efforts under the leadership of new CEO Lip-Bu Tan. Intel layoffs will affect over 500 positions and by the end of 2025, the company would cut nearly 20% jobs, as per reports. 📲 Intel Layoffs Continue: Chip Giant Led by New CEO Lip-Bu Tan Preparing To Cut Over 500 Jobs as Part of Ongoing Restructuring Efforts, Say Reports.
'Things aren't good': Prominent Portland businessman says Intel layoffs will impact all of Oregon
PORTLAND, Ore. (KOIN) -- A prominent Portland businessman says mass layoffs at Intel will have ripple effects throughout the entire state. Jordan Schnitzer says it could have a big impact on his company Schnitzer Properties, one of the West Coast’s Top 10 private real companies, according to their website. Intel is Oregon's largest private employer, with more than 22,000 workers. Intel says 529 of those workers will lose their jobs at facilities…
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