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Intel Reportedly Readies Mass Layoff

Industry
Post date:2016-04-15
 
4/15/2016 11:00 AM EDT 
 
SAN FRANCISCO—Intel Corp. is preparing to announce significant layoffs that could impact thousands of jobs, according to 
a report Friday (April 15) by the Portland Oregonian newspaper.

The report, which cites multiple anonymous sources said to be familiar with Intel’s plans, said the cuts would start this spring and continue throughout the year. The report indicates that the move could be announced following Intel’s first quarter earnings report on Tuesday.

Intel, the world’s biggest semiconductor maker, has about 107,000 employees at locations throughout the world. The Oregonian reported that Intel eliminated about 1,100 jobs last year.

Continue reading on EE Times site.

Article originally posted on EE Times.

Last modification time:2016-05-24 PM 3:43

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