Intel commences mass layoffs with over 100 Californian employees, including around 45 engineers in efforts to shed $500 million in operating costs this year

By Yahoo! Finance | 1 week ago

Intel is downsizing its workforce, with 107 employees in California set to lose their jobs. The company aims to reduce operating expenses by $500 million this year and another $1 billion in 2026. Layoffs will start on July 15, complying with California labor laws.

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