Intel Layoffs 2025 Oregon

Intel Layoffs 2025 Oregon. Intel Layoffs 2025 Oregon Piers Piper In August 2024, Intel unveiled its restructuring strategy, targeting a 15% reduction in its global workforce workers this week with job cuts at the chipmaker's offices in Texas, California and Arizona, in addition to the 1,300 Oregon layoffs the chipmaker.

Why it matters: The semiconductor industry is a major economic driver for Oregon, and although the state has 1% of the country's population, it had 15% of its semiconductor workforce as of 2022. Combined, Intel expects these measures to save it more than $10 billion in 2025

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Hillsboro-based chip maker Intel will lay off around 15,000 people, including 3,000 in Oregon, as it struggles to rebound following several difficult years Oregon's factories began shedding jobs early in 2023, though, at a time when manufacturing seemed on solid footing nationally. In August 2024, Intel unveiled its restructuring strategy, targeting a 15% reduction in its global workforce

Intel Layoffs 2024 Oregon Jaime Lillian. Oregon's factories began shedding jobs early in 2023, though, at a time when manufacturing seemed on solid footing nationally. CEO Pat Gelsinger addressed employees directly, acknowledging the company's need to adjust its cost structure and improve margins in response to market pressures.

Intel to lay off thousands in Oregon amid cuts. Following a series of setbacks — manufacturing layoffs, disappointing sales and missed opportunities for federal investment — Oregon's semiconductor industry finds itself in a period of uncertainty Combined, Intel expects these measures to save it more than $10 billion in 2025