News Summary
Intel Corp. has revealed plans to lay off approximately 700 employees at its Chandler, Arizona facility as part of a strategy to streamline operations and tackle financial struggles. This comes after a significant reduction in workforce earlier this year and follows the sale of its Altera chip business. The layoffs signal a major shift in Intel’s operations, impacting both employees and the local economy in the Valley. The company’s efforts to cut costs and improve efficiency underline the challenges faced in the competitive semiconductor industry.
Arizona – Intel Corp., a leading chip manufacturer, has announced a new wave of layoffs that will impact approximately 700 employees at its Chandler facility. A notice filed under the Worker Adjustment and Retraining Notification (WARN) Act indicates that 696 workers will be affected by this latest reduction in workforce as Intel seeks to streamline its operations and improve efficiency.
The layoffs are part of Intel’s broader strategy to mitigate financial challenges it has been facing in recent years. The company has struggled with stagnant revenue growth, prompting a reevaluation of its workforce and operations. Earlier this year, Intel proclaimed plans to reduce its global workforce by 20%, which has resulted in multiple rounds of job cuts across its various locations.
Previously, a layoff announcement in Chandler resulted in 384 employees losing their jobs at the Ocotillo campus. Additionally, layoffs reported in Portland, Oregon, are expected to affect nearly 2,400 employees, highlighting the extensive impact of the company’s restructuring efforts.
The timing of these layoffs follows an announcement in April regarding the sale of Intel’s Altera chip business for $8.75 billion to Silver Lake. This move indicates a shift in focus and resources as the company attempts to navigate through challenging market conditions. Intel has expressed the need to remove organizational complexity to better meet customer needs and adapt to changes in the semiconductor industry.
Under the leadership of former CEO Pat Gelsinger, Intel initiated workforce reductions that led to the elimination of 13% of its total workforce. The company continues to pursue a workforce reduction plan aimed at saving $10 billion as part of its ongoing operational refinements.
Intel began its manufacturing presence in Arizona in 1980 at the Chandler campus, which has since grown into one of the Valley’s largest employers, historically reporting as many as 12,000 jobs in the region. The recent and planned layoffs signal a significant shift in the company’s operational focus, impacting the economic landscape of the local community and the semiconductor industry as a whole.
As the market continues to evolve, Intel’s strategic adjustments underscore the complex challenges facing technology manufacturing companies today. The layoffs not only reflect internal business decisions but also the external pressures of a competitive industry where efficiency and innovation are critical to survival.
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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.
