Intel Layoffs 2025 Chandler Az. Intel Announces Layoffs YouTube The layoffs were expected, as company CEO Pat Gelsinger in August cited the need to cut roughly 15,000 jobs nationwide, following a second-quarter announcement when Intel said it lost $1.6 billion. Intel has told a state agency a maximum of 385 layoffs will take place in Chandler within the next 60 days
Intel moves forward with Chandler expansion despite layoffs YouTube from www.youtube.com
announced it will cut 15,000 jobs across the nation, "as part of the broad-based cost savings plan." New reports show that almost four hundred of those job cuts will be at the company's Ocotillo campus in Chandler. In early August, the semiconductor manufacturer announced it would cut more than 15,000 jobs companywide after it had taken a net loss of $1.6 billion for the second quarter of 2024.
Intel moves forward with Chandler expansion despite layoffs YouTube
Intel Corp., one of Arizona's largest employers, announced plans to cut about 15% of its global workforce as part of a massive restructuring triggered by weak financial results. This comes on the heels of other announcements this year about cost-cutting In early August, the semiconductor manufacturer announced it would cut more than 15,000 jobs companywide after it had taken a net loss of $1.6 billion for the second quarter of 2024.
2023 Tech Layoffs. announced it will cut 15,000 jobs across the nation, "as part of the broad-based cost savings plan." New reports show that almost four hundred of those job cuts will be at the company's Ocotillo campus in Chandler. Construction equipment prepares the site for two new chip factories at Intel Corporation's Ocotillo campus in Chandler, Arizona, in September 2021
Intel layoffs 2023 Targeting 10B in annual savings SiliconANGLE. In early August, the semiconductor manufacturer announced it would cut more than 15,000 jobs companywide after it had taken a net loss of $1.6 billion for the second quarter of 2024. A notice for 385 layoffs at the corporation's Chandler facility was posted on Wednesday, as the company announced this summer that 15,000 workers would be laid off around the world