Intel lays off 500 employees: ‘We are making these decisions based on …’

Intel is set to lay off 529 employees in Oregon, impacting engineering, technical, and administrative roles, starting July 15. This move is part of a restructuring plan to make Intel leaner and more efficient. Additionally, Intel plans to cut 15% to 20% of its Intel Foundry workforce globally, affecting over 10,000 employees across its manufacturing division, due to affordability challenges.

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