Intel Implements Mass Layoffs in US to Mitigate Expenses

  • Intel announces layoffs in Folsom and San Jose offices with over 140 jobs cut.
  • The layoffs, affecting various engineers and other employees, are part of Intel’s strategy to reduce costs and increase efficiency amid challenging financial conditions.
  • The decision aligns with Intel’s ‘Hybrid-first’ model and plans for office consolidation in Bengaluru, India.
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