News Summary
Intel Corporation has announced plans to lay off 97 employees at its Chandler location, marking another wave of job losses in Arizona. This follows nearly 700 layoffs last month due to ongoing restructuring efforts as the company aims to reduce its workforce by 15% by 2024. Despite concerning financial losses, Intel is also investing in expansion in the area, highlighting a complex relationship with local employment and economic growth. Affected workers will not receive severance packages, raising further concerns about job security in the tech sector.
Arizona Facing Struggles as Intel Announces Layoffs
Arizona is experiencing another wave of layoffs as Intel Corporation announced plans to cut 97 employees from its Chandler location. A WARN Act notice has been filed with the Arizona Department of Economic Security, signaling the impending job losses that come ahead of the federally mandated 60-day notice period for mass layoffs.
This latest round of layoffs follows a troubling trend for the tech giant, which reported nearly 700 layoffs in the region just last month due to ongoing restructuring and financial challenges. Intel has now issued its third WARN notice in Arizona within the past year.
Wider Context of Intel’s Restructuring Efforts
The recent layoffs coincide with broader corporate restructuring efforts aimed at making Intel “leaner, faster, and more efficient.” In 2024, the company’s CEO revealed a plan to reduce the workforce by 15% as part of strategies to save $10 billion in expenses. As part of these measures, Intel has seen its global workforce shrink from approximately 125,000 employees in 2023 to an expected 95,000 following the layoffs.
Furthermore, Intel reported a staggering net loss of $821 million in the first quarter of 2025, underscoring the financial difficulties the company currently faces.
Previous Layoff Notifications and Impact on Local Employment
October 2023 saw another WARN notice from Intel, affecting 385 workers in Arizona. The company is known for being the largest employer in Chandler, with a workforce that was previously around 12,000. Most of the job cuts have occurred within manufacturing facilities as Intel seeks to adapt more swiftly to technological advances, particularly in the fields of artificial intelligence and high-performance computing.
Connected Developments and Government Relations
This latest announcement comes on the heels of an announcement from President Trump regarding the federal government securing a 10% stake in Intel as part of a deal that includes U.S. government grants for the company under the CHIPS and Science Act. This act was initiated during then-President Joe Biden’s administration with the goal of boosting domestic manufacturing of computer chips.
Despite the layoffs, there are signs of ongoing investment in the area, such as the nearing completion of the expansion of Intel’s Ocotillo campus in Chandler, which includes the development of two new factories. The economic development director of Chandler has expressed optimism about Intel’s future and its ongoing relationship with the city, indicating that the community still views the company as an essential part of economic growth in the region.
No Severance or Buyouts Offered
Importantly, affected employees will not receive severance packages or voluntary buyout options as part of this latest layoff initiative. This decision has raised concerns among employees as they navigate this challenging employment landscape.
The combination of layoffs, financial losses, and restructure plans reflects the tough market conditions and competitive landscape in the technology sector, leaving both employees and the community to grapple with the implications of Intel’s strategic decisions.
Deeper Dive: News & Info About This Topic
- AZ Family: Records Intel Layoff 100 More Workers Chandler Plant
- 12 News: Intel Issues Another Layoff Notice Arizona Chandler
- AZ Central: Intel to Cut Nearly 700 Jobs
- MSN: Records Intel to Layoff 100 More Workers at Chandler Plant
- USA Today: Intel Layoffs Lose $821 Million
Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
