Intel to lay off 235 employees over two weeks in the US
Santa Clara-based IT major Intel Corporation is set to undertake its fifth round of job cuts from December 31, 2023. The company will lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as per the Hindustan Times. “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company,” the statement read. In an interview in early November, managing director of Intel India Santhosh Viswanathan said the company is betting on the digital transformation and Make in India initiatives to accelerate growth in India for the long term. The company also partnered with eight electronics manufacturing services companies and original design manufacturers in India to accelerate laptop manufacturing in the country.
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