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Intel reportedly plans to lay off up to 20 percent of factory workers.
In a memo seen by The Oregonian, Intel manufacturing Vice President Naga Chandrasekara tells workers that the company could cut between 15 and 20 percent of workers in its Foundry division. “These are difficult actions but essential to meet our affordability challenges and current financial position of the company,” Chandrasekara writes, according to The Oregonian.
This latest round of layoffs could happen next month, and follows last year’s job cuts affecting over 15,000 employees.
Intel will lay off 15% to 20% of its factory workers, memo says
[oregonlive.com]
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