Intel Plans Fresh Round of Layoffs, Other Cost Cuts

Intel plans a fresh wave of layoffs in the wake of a steep decline in revenue over the last six months. The chipmaker, Oregon's largest corporate employer, blames a weak global economy. From a report: "We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company," Intel said in a written statement. "These are difficult decisions, and we are committed to treating impacted employees with dignity and respect," Intel said. Dylan Patel with the technology research firm SemiAnalysis first reported the pending cuts over the weekend. Intel didn't say what else it's cutting, in what areas, or how these layoffs compare to a prior round of job cuts that ended last winter. Intel laid off more than 500 employees in California in job cuts announced last fall, according to filings there with state workforce agencies. It laid off employees in Oregon, too, but didn't make a similar filing here, suggesting that the layoffs represented a smaller percentage of the company's local workforce. Intel employs more than 22,000 at its Washington County campuses.

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