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.
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'Things aren't good': Prominent Portland businessman says Intel layoffs will impact all of Oregon
PORTLAND, Ore. (KOIN) -- A prominent Portland businessman says mass layoffs at Intel will have ripple effects throughout the entire state. Jordan Schnitzer says it could have a big impact on his company Schnitzer Properties, one of the West Coast’s Top 10 private real companies, according to their website. Intel is Oregon's largest private employer, with more than 22,000 workers. Intel says 529 of those workers will lose their jobs at facilities…
·Portland, United States
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