Intel has recently announce that the number of layoffs across its Northern California campuses will more than double from the previous numbers estimated back in December.
The number of expected job cuts increased from an estimated 200 position to 544 positions, the Folsom campus expects to eliminate 343 of its employees.
The tech giant plans to remove 343 employees at its Folsom campus and 201 at its Santa Clara location, according to its Worker Adjustment and Retraining Notification (WARN) notice filed to the California Employment Development Department.
“All impacted employees are being notified of separation with at least 60-days notice, with the first separations presently scheduled to occur during a 14-day period commencing on March 15, 2023,” states the notice. “Additional separations are expected after the 30-day period beginning March 15, 2023.”
“We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company.”
The notice added that select impacted employees may find comparable roles within Intel and remain employed in a different capacity at the company.
