Intel to lay off over 500 employees in Oregon as part of massive restructuring: Report

According to a report, Intel Corp. will set up 529 employees in Oregon this month as part of the company’s larger cost -lowering plan, which is expected to affect approximately 20% of the global labor force.

Intel did not disclose the total number of business cuts to the public, but Bloomberg said that one -fifth of the company’s labor force may ultimately be affected.

According to a regulatory file, interruptions will affect operations on Intel’s campuses in Aloha and Hillsboro as of July 15th.

The movement is part of a comprehensive revision within the scope of the newly appointed CEO lip-this tan, which is loaded in April to reversed the decline of the chip producer and to take back the lost technological ground.

The company aims to the future “Lean, faster”

In a statement, the Santa Clara -based technology giant said that dismissal is necessary to facilitate operations and improve its competitiveness: uz We give these decisions on the basis of careful evaluation to position our business for the future, and we will treat people with care and respect while completing this important work. ”

The company added: “Eliminating organizational complexity and strengthening our engineers will enable us to serve the needs of our customers better and strengthen our execution.”

AI explosion and struggles in the middle of the lost edge

Intel, which was once a dominant force in semiconductor innovation, has encountered mishaps in recent years, losing its leadership in chip production to competitors such as TSMC and now Nvidia Corp.

CEO LIP-TAN, Restructuring Pushing

TAN, AI, forward tattoo competition and lean innovation cycles are increasingly defined in a period of more and more prominent changes to re -position Intel has clearly demonstrated.

Oregon follows a number of cost -lowering initiatives, including layoffs, to correct non -core projects and to reinforce business units to improve the focus.