"Intel decided to slash dozens of jobs in the South Bay as the company moves to reduce its workforce while attempting to keep and acquire talented workers. The tech company revealed it cut 59 jobs, all in Santa Clara, where the company has its headquarters. The cuts took place on Nov. 30, but were posted to the state Employment Development Department website this week."
"In recent months, Intel has decided to cut about 795 jobs in the Bay Area. Intel CEO Lip-Bu Tan warned in April that the quest for efficiency would be accompanied by painful job losses. The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide."
Intel cut 59 jobs in Santa Clara on Nov. 30 and listed the layoffs with the state Employment Development Department. The company indicated the layoffs are expected to be permanent in its filing. Recent months have seen roughly 795 Intel job cuts across the Bay Area. Company leadership framed the reductions as part of an efficiency drive and previously announced plans to reduce the global workforce by about 20%, roughly 21,000 positions. The company emphasized balancing necessary reductions with efforts to retain and recruit key talent.
Read at www.mercurynews.com
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