Troubled Tech Giant Intel Slashing Up To 20% Of Staffers
A faltering American tech icon is set to lay off as much as a fifth of its workers next month.
Intel — once the dominant chipmaker which powered most PCs — sent an email to employees on Saturday, warning that job cuts are coming to its factories.
‘These are difficult actions but essential to meet our affordability challenges and current financial position of the company,’ Naga Chandrasekaran, the tech giant’s vice president of manufacturing, said in the memo seen by Oregon Live.
Chandrasekaran said the company is aiming to slash 15 to 20 percent of its factory workforce in July, a move that could push thousands of Americans into job searches.
With Intel employing 109,000 globally, that would mean 16,350 to 21,800 layoffs.
It is not clear how many work in US-based factories, and how many American jobs will go.
Recently, Intel reported employing more than 20,000 staffers at its plant in Hillsboro, Oregon.
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