Intel has laid off more than 2,000 employees across the U.S., with 1,300 workers from its Hillsboro, Oregon office among those affected. The layoffs are part of Intel’s broader strategy to cut 15 percent of its global workforce, following a disappointing second quarter. The Oregon site, which plays a key role in research and development for Intel’s next-gen semiconductors, saw about 5 percent of its local workforce impacted.
In addition to Oregon, Intel handed out pink slips to 385 employees in Arizona, 318 in California, and 251 in Texas. These cuts follow earlier reductions of over 7,500 positions through voluntary retirements and separations.
Intel’s spokesperson described the layoffs as “necessary” for achieving a “leaner, simpler and more agile company” as the chipmaker aims for long-term growth. Despite the job losses, Intel remains committed to expanding its U.S. foundries, with plans for $36 billion in Oregon, $30 billion in Arizona, and $20 billion in Ohio, boosted by funding from the CHIPS Act.
The layoffs come as Intel faces a $1.6 billion loss in Q2, driven by a $2.8 billion operating loss in its Foundry unit. Further job cuts are expected as Intel continues its efforts to recover financially, with savings targets of $10 billion by 2025. Intel’s Q3 earnings report is due on October 31.
