Intel layoffs over 4x worse than expected at in Oregon

Intel to lay off nearly 2,400 employees in Oregon, putting the company’s manufacturing ambitions into doubt

Intel has been facing significant financial difficulties, as the company has lost market share in the CPU market while its revamped foundry division has failed to meet expectations. Now, Intel has confirmed around 2,400 layoffs in Oregon in a recent WARN notice (via KGW News). This represents more than four times the number of layoffs the company previously announced. It was previously reported that there would be only 530 layoffs.

Intel’s new CEO, Lip-Bu Tan, has a mandate to turn the company around. To achieve this, he aims to transform Intel into a leaner, more agile company. To achieve this, Intel has been laying off a significant portion of its workforce, with even the company’s engineering teams being affected.

Currently, it is unknown how these layoffs will impact Intel’s Foundry operations or its Foundry Roadmap. Furthermore, it is unknown how it will impact Intel’s future CPU designs.

These layoffs are a sign that Intel is not confident about its manufacturing business. This is what Intel’s former CEO, Pat Gelsinger, saw as a core part of the company’s future. Are Intel pivoting away from Gelsinger’s plans? Is Intel’s Foundry Roadmap going to lead to nothing, despite the growing demand for “Made in USA” technology?

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