After suffering losses in the past, Intel plans to fire 140 workers in the US in an effort to reduce costs. According to media sources, the American chip manufacturing company would eliminate 51 jobs in San Jose and 89 roles in Folsom by the end of this month.
A variety of technical and software professions will be affected by the layoffs. Among them are 10 professionals with expertise in GPU software, 8 engineers with expertise in system software development, 6 experts in cloud software, 6 engineers with expertise in product marketing, and 6 experts in system-on-chip design.
These employment layoffs are a part of the company’s strategy to deal with the present financial crunch and protect its most important investments. It is actively looking for methods to improve productivity and lower expenses through a variety of programmes, some of which include deliberate cutbacks in the personnel in certain divisions of the business.
Despite these steps, the company emphasises a strong commitment to treating impacted employees with the highest dignity and respect and appreciates the difficult nature of these decisions.
Additionally, Intel is attempting to make the most efficient use of its office space and is thinking about the prospect of merging locations in According to media sources, the objective was to achieve cost effectiveness while providing employees with more dynamic work environments when they are on-site.
Therefore, after finishing the transaction, the company plans to lease the office space from the potential owners.