In a new round of personnel decreases that reveal the software titan’s large global staffing cuts, Intel intends to cut another 500 work in the Bay Area.
According to an established WARN email the business sent to the position Employment Development Department, the business has decided to remove 516 jobs in Santa Clara.
Only a few days ago,  , Intel revealed its intent to trim 47 jobs , in northern San Jose.
The 516 job cuts that Intel was planning in Santa Clara were an upgrade to and a significant increase over its earlier estimate of cutting only 54 work in its corporate town, according to Intel’s most recent WARN text.
Santa Clara-based , Intel’s native cuts are part of the company’s discovery in August that it would jettison 15, 000 work worldwide, a reform ushered in by “disappointing” results for the famous tech giant. The business announced at the time that it would reduce 15 % of its labor.
In a blog post from August, Intel CEO Pat Gelsinger wrote,” This is terrible news for me to communicate.” ” I am aware that it will be even more challenging for you to learn.”
On November 15, Intel’s most recent personnel reductions for the Bay Area are scheduled to go into effect.
The technology ghetto did leave the possibility that some fired employees might be able to continue working for Intel available.
” Some impacted people may find similar functions within Intel and remain employed”, James Walker, director of corporate individuals activity, told the EDD in the WARN text.
Bay Area it layoffs have surpassed a worrying breakthrough thanks to Intel’s most recent job disclosures.
In 2022, 2023 and 2024, software firms disclosed plans to eliminate more than 48, 300 work in the Bay Area. In the post-coronavirus age, tech companies have spent years trying to reduce their workforces and increase productivity.
Tech firms significantly increased hiring during the two COVID-linked blackouts in 2020 and 2021 to meet the demand for goods and services that make it possible for people to work remotely or study from home.
After the closures ended, that require waned and tech firms discovered they had a surplus of employees.
In addition, the technology sector was forced to retrain itself, as it has done numerous times, this time claiming a position in the newly emerging artificial intelligence market.
According to this information source, these tech firms have eliminated the most work in the Bay Area over a roughly three-year period that began in 2022:
— Meta Platforms, 5, 195 cuts in Menlo Park, San Francisco, Burlingame, Sunnyvale and Fremont.
— Tesla, 3, 652 work reductions in Fremont, Palo Alto and San Mateo.
— Cisco Systems, 2, 649 personnel decreases in San Jose, San Francisco and Milpitas.
— Google, 2, 507 cuts in Mountain View, Moffett Field, San Bruno, Palo Alto, Sunnyvale and San Francisco.
— Intel, 1, 627 cutbacks in Santa Clara and San Jose.
— Broadcom, 1267 work reductions in Palo Alto.
— Amazon, 1, 202 personnel reductions in San Francisco.
— Online, 900 work reductions in San Jose and San Francisco.
— PayPal, 772 personnel decreases in San Jose.
— Linked In, 711 cuts in Sunnyvale, Mountain View and San Francisco.
Yet as layoffs persist, tech companies are hiring workers in rich fields such as AI, community surveillance, finance, health tech, clean energy, quantum computing, advanced robotics and autonomous vehicles.
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