Intel this week began its new round of layoffs globally, which includes layoffs in Israel, where hundreds of employees are expected to lose their jobs, reports Ynet. Just like elsewhere, Intel's cuts in Israel include layoffs at the company's major manufacturing site in Kiryat Gat, marking a shift in the company's strategy in the country. Furthermore, the company is even considering shutting down its Fab 28 in Israel, which will be a dramatic move. While the company does not comment on specifics, it reaffirms the ongoing restructuring.
"As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company," a spokesperson for Intel told Tom's Hardware. "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 is needed to position our business for the future, and we will treat people with care and respect as we complete this important work."
