The spate of layoffs in the IT sector seems to be moving forward unabated. Earlier this month, Redmond-based tech giant Microsoft announced that it was laying off 9,000 employees, now chipmaker Intel is reportedly gearing up for its biggest job cuts yet.
Several reports seem to be suggesting that Intel is gearing up to lay off over 5,000 employees across four states in the US. While Intel has not made any official announcement, the genesis of the news seems to be the company’s recently updated Worker Adjustment and Retraining Notification filings.
Reportedly, the company doubled its layoffs in California’s Santa Clara and Folsom which seems to have impacted 1,935 employees. Reportedly, the job cuts began on July 11 in Folsom, and Santa Clara on July 15. The job cuts at Intel are reportedly going to affect more workers in Oregon, Texas, and Arizona.
Layoffs are just not limited to the US, several other reports suggest that Intel is also laying off hundreds of its staff from Israel, especially those working at its Kiryat Gat campus.
According to reports, Intel has also changed its layoff estimates in other parts of the US. The company sacked 2,392 people in Hillsboro, Oregon, and 696 in Chandler, Arizona. Earlier this month, explaining its spate of layoffs, Intel reportedly said that it was taking steps to become ‘leaner, faster, and more efficient’. The purported mail said that Intel was working towards removing organisational complexity and empowering its engineers to better serve the needs of customers.
Earlier this month, it was reported that Microsoft was slashing close to four per cent of its global workforce. On July 2, Microsoft said that it was axing 9,000 jobs from across the team impacting professionals of all levels of experience. The company’ spokesperson said that Microsoft will continue to implement organisational changes needed to best position the company and its teams for success. So far, Microsoft has been laying off its staff sporadically. In January, the company said that it was planning to slash one per cent of its staff based performance.
In May this year, Microsoft cut 6,000 jobs and an additional 300 in June. This is the company’s second biggest layoff in recent times. In 2023, it laid off 10,000 employees and nearly 18,000 in 2014. All of these layoffs show how Microsoft is making efforts towards reducing its headcounts.
© IE Online Media Services Pvt Ltd
