Intel Layoff: Intel manufacturing VP Naga Chandrasekaran ‘layoff note’ to employees: These are difficult actions but … |
Intel has reputedly confirmed the fresh round of layoffs affecting 20% of its employees in the manufacturing division. As reported by Oregonlive, the global semiconductor manufacturer is planning to layoff between 15% to 20% of employees from its manufacturing unit. The report reveals that the decision of layoff was announced via an internal memo to staff. The company states that the layoffs are part of a broader starergic overhaul and is aimed at addressing company’s financial challenges. Naga Chandrasekaran, Intel’s manufacturing vice president, conveyed the difficult news to employees in an email over the weekend.
Intel layoffs: Intel’s manufacturing vice president Naga Chandrasekaran message to employees
In the internal memo seen by Oregonlive, Chandrasekaran acknowledged the gravity of the decision. “These are difficult actions, but essential to meet our affordability challenges and the current financial position of the company.”Chandrasekaran further added that the company will treat the affected employees ‘with care and respect’ and that the reductions would be based on a combination of portfolio changes, skill assessments, and project prioritization.“Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution. We are making these decisions based on careful consideration of what’s needed to position our business for the future, added Chandrasekaran.
Intel to begin laying off factory workers in July
Intel is set to begin laying off factory workers at its Silicon Forest campus in Oregon starting mid-July. The initial round of layoffs is expected to be completed by the end of the month. The fresh round of layoffs will impact thousands of employees globally, particularly those within Intel Foundry, the company’s in-house chip manufacturing division. While specific numbers and affected locations have not been publicly detailed, Oregon, home to Intel’s largest manufacturing base with approximately 20,000 workers, is anticipated to be significantly impacted.In a statement sent to Tom’s Hardware, Intel wrote: “As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution. We are making these decisions based on careful consideration of what is needed to position our business for the future, and we will treat people with care and respect as we complete this important work.”In December 2024, Intel’s employee headcount stood at 108,900, about 15,000 fewer than under CEO Pat Gelsinger’s cuts last year, the report notes. The company’s Oregon sites were no exception, which cut roughly 3,000 jobs but retained about 20,000 employees.
