Intel Reveals Layoffs in Sales and Marketing

Intel, the tech chipmaker, underwent another wave of layoffs recently, focusing on trimming down its sales and marketing department.

In a short statement, the company said, “Our goal is to best reflect the markets and customers we serve. We continue to evaluate our structure through this lens to best support the dynamic demands of our market and customer-focused initiatives.” These layoffs, initially reported by CRN, underscore Intel’s ongoing efforts to streamline operations.

Details on the exact number of job cuts remain undisclosed, leaving the extent of impact unclear. Particularly in Oregon, where Intel maintains a significant presence, the repercussions of these layoffs are felt. Although Intel did confirm a layoff notice in California, detailing 62 job cuts at its corporate headquarters in Santa Clara, Oregon’s figures remain elusive. This lack of transparency is similar to Intel’s previous rounds of layoffs in 2023, during which it refrained from disclosing specific figures for its Oregon workforce.

Last year, Intel experienced a series of layoffs, witnessing a reduction in its overall workforce from approximately 132,000 to 125,000 employees. Despite this global downsizing trend, Oregon saw a net increase of 1,000 jobs, bringing its total to 23,000 employees. Washington County stands as Intel’s largest site worldwide, underlining the significance of these developments within the state.

While Intel’s financial performance saw some improvement in the latter part of 2023, recent reports of a $7 billion operating loss at its semiconductor factories rattled investors. This financial setback coincides with Intel’s unveiling of its factory business results, signaling its venture into offering contract manufacturing services to other chip companies.

In the middle of these challenges, Intel remains committed to its long-term strategic turnaround efforts. The company seeks to regain its technological prowess and bolster profit margins after ceding ground to Asian manufacturers in recent years. As Intel navigates this transformative journey, the impact of its recent layoffs underscores the evolving landscape of the semiconductor industry.