Reported 22 days ago
Intel Corporation has announced plans to cut more than 500 jobs in Oregon, impacting around 20% of its workforce, as part of a restructuring initiative under new CEO Lip-Bu Tan. The layoffs will begin on July 15, affecting locations in Aloha and Hillsboro, where Intel is the largest employer. This decision aims to streamline operations and improve efficiency amid increasing competition in the semiconductor industry.
Source: YAHOO