Intel plans to lay off 1,300 employees in Oregon, 385 in Arizona, 319 in California, and 251 in Texas.
The cuts are part of a wider plan to cut 15,000 jobs – approximately 15 percent of its total workforce – that CEO Pat Gelsinger first announced in August.
In September, Gelsinger said that around half of those 15,000 positions would be reduced through early retirement packages and voluntary buyouts.
Intel currently employs more than 23,000 workers in Oregon, 12,000 in Arizona, 13,500 in California, and 2,100 in Texas.
In a federally required Worker Adjustment and Retraining Notification (WARN) filing, James Warner, director of corporate people movement at Intel, said that all impacted employees in Oregon had been given at least four weeks' notice. The layoffs are due to be enacted over a 14-day period beginning November 15.
“A list of job titles and the number of employees currently holding affected positions, as well as any other information required… will be maintained on site and readily accessible to your office,” the note read, with Warner adding that none of the employees were being represented by a union.
According to a report from local news outlet The Oregonian, the cuts will affect one in every 18 employees at Intel’s Gordon Moore Park facility, making it one of the largest layoff rounds in Oregon's history.
The company posted a net loss of $1.6 billion for Q2 2024 and said that the cuts would help it save $10bn over time.
It’s unclear what the scale of job cuts will be at other Intel locations and whether the 15 percent figure will apply equally across all sites. If so, the number of already notified employees in Oregon represents approximately half the number of workers Intel would need to cut to meet its percentage target.
The cost-saving plan also involves reducing R&D and marketing spend by billions between now and 2026, cutting capex by 20 percent, and reducing non-variable cost of goods sold by roughly $1bn in 2025.
In August 2024, it was reported that workers at the company’s manufacturing sites in Leixlip, Ireland, had been offered voluntary redundancy. Employees who accepted the package left the company on September 30.
Last month, the company paused plans to build new chip fabs in Germany and Poland and said it would decouple its Intel Foundry Services business unit.
