See every side of every news story
Published loading...Updated

Intel Says It's Cutting More than 500 Jobs in Oregon

OREGON, JUL 8 – Intel plans to cut 529 jobs at four Oregon campuses to address financial challenges, affecting engineers and managers as part of a global 15% to 20% factory workforce reduction.

  • Intel Corp. announced it will cut approximately 529 jobs across four Oregon campuses starting July 15, 2025.
  • The layoffs follow CEO Lip-Bu Tan's mandate to reduce complexity and costs amid Intel's financial struggles and slowing sales.
  • Most cuts will occur at the Jones Farm Campus, affecting engineers, developers, and managers in cloud computing and AI fields.
  • Intel will offer severance packages with several weeks of pay and extended health benefits, stating the decisions aim to make the company leaner and more efficient.
  • These layoffs are part of broader worldwide reductions expected to eliminate several thousand positions, signaling a significant restructuring to improve competitiveness.
Insights by Ground AI
Does this summary seem wrong?

13 Articles

All
Left
Center
6
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

KGW 8 broke the news in Portland, United States on Tuesday, July 8, 2025.
Sources are mostly out of (0)