For most of this year we've been hearing murmurs of Intel's plans to drastically reduce its workforce. As of today we're starting to see what the true scope of Intel's downsizing will be, with around 107 employees set to lose their jobs in California. These planned firings have been an ongoing story for Intel, having already cut 5% of its workforce back in 2024.
According to CRN, last Wednesday Intel provided the notice required by Californian law alerting employees to their imminent doom. The employees affected are all connected to the Santa Clara headquarters, and are all a part of Intel's plans to reduce operating expenses by $500 million over this year, with the goal to drop another $1 billion in 2026.
