To cut costs, Intel plans to lay off more than 300 people in California: involving AI, cloud computing, GPU and other departments

News from this site on August 19, according to foreign media CRN reported on the afternoon of the 18th local time, Intel recently revealed plans to lay off more than 300 employees in three office parks in California, USA. This will be part of Intel's cost-cutting plan.

It is said that the positions affected by the layoffs include 30 positions in the AI, cloud computing and GPU departments, and these are highly competitive areas that are "strategically important" to Intel. Intel stated in the announcement that the company plans to start laying off employees on August 31, and some affected employees may be transferred to new positions .

In terms of details, the layoffs affect 315 employees, 175 at the Santa Clara headquarters, 89 at Folsom and 51 at San Jose. According to a local regulatory filing in January, Intel had 131,900 employees as of the end of 2022, and according to Intel's official website, more than 13,500 employees worked in California.

According to previous reports, at the end of October last year, Intel CEO Pat Gelsinger said in an interview that the company would begin targeted layoffs and take other measures, such as reducing factory work. He did not specify how many of Intel's more than 120,000 employees would be affected. "

We are actively solving cost issues and improving the efficiency of the entire business.

". Intel said that

the company is working to achieve $3 billion in cost reductions in 2023 and increase annualized cost reductions and efficiency gains to $8 billion to $10 billion by the end of 2025 (this site Note: currently about 58.4 billion to 73 billion yuan)

. Based on this calculation, Intel will reduce costs by up to US$13 billion (currently about 94.9 billion yuan) in three years. Intel booked $664 million (currently about 4.847 billion yuan) in restructuring charges in the third quarter to reflect initial cost reductions. Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

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