Intel has revealed plans for deeper employment reductions with a fresh round of job cuts that will affect hundreds of Bay Area workers.
SANTA CLARA — Intel has revealed plans for deeper employment reductions with a fresh round of job cuts that will affect hundreds of Bay Area workers, a disquieting sign that the tech sector’s layoffs have yet to run their course.
Intel had previously told the EDD in a WARN letter dated Dec. 2, 2022 that it was anticipating at that time that it would be cutting 90 jobs in Santa Clara. “We now anticipate that the number of Mission Campus employees scheduled to terminate during this period has increased to 201,” Marc Nadler, director of corporate people movement with Intel wrote in a WARN letter to the EDD dated Jan. 11.
With the latest crop of filings, at least 15 tech or biotech companies have revealed plans to eliminate 200 or more jobs on or after Oct. 1 of 2022. These are the 15 companies and the number of jobs they have eliminated or decided to cut in the Bay Area, according to the EDD’s public website and WARN letters reviewed by this news organization.
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