Wednesday, 9 July, 2025
Intel to Cut 529 Oregon Jobs as Part of 20% Global Workforce Reduction
Intel revealed plans to permanently lay off 529 employees at its Aloha and Hillsboro, Oregon, facilities effective July 15. These job cuts are part of a wider restructuring initiative under CEO Lip‑Bu Tan to reduce bureaucracy, cut costs, and boost efficiency—potentially impacting around 20% of Intel’s global workforce. Despite the cuts, the announcement triggered a 7% surge in Intel’s stock on investor optimism.
Read full story at Economic Times