Overview
- Intel will cut about 4,000 jobs across the U.S. by mid-July, with Oregon losing 2,392 positions in one of the state’s largest tech layoffs.
- Layoffs also extend to facilities in California, Arizona and Texas as part of CEO Lip-Bu Tan’s strategy to streamline costs and simplify management.
- Tan has warned employees that Intel is no longer among the top 10 semiconductor firms and lags competitors in AI training chips, underscoring the urgency of the cuts.
- Affected workers will receive 13 weeks of base pay, additional tenure-based compensation and one year of continued healthcare coverage.
- The move echoes a broader 2025 trend of major tech companies trimming headcounts to refocus on AI and next-generation computing efforts.