Intel has reportedly laid off 100 employees, and people from product marketing, GPU software development have been fired.
American chipmaker Intel, in a fresh round of layoffs, has fired over a hundred US employees to cut costs. Earlier this year, in May, the company announced its plans to lay off people for cost-cutting after facing losses. In an email statement reported by USAToday, Intel mentioned that it is 'working to accelerate its strategy while navigating a challenging macroeconomic environment'.
The statement added, "We continue to invest in areas core to our business, including our U.S.-based manufacturing operations, to ensure we are well-positioned for long-term growth." Nonetheless, the exact number of people fired due to their impending layoffs had yet to be confirmed by Intel back then.
The fresh job cuts, as per IANS, will affect people from various teams, including GPU software development, system software development, product marketing, and more.
Meanwhile, as per the recent reports, the new round of layoffs would take effect by the end of this month, as per Sacramento Inno. While the number of employees impacted remains unknown, the report added that at least 140 US employees will be fired from their jobs. A total of 89 employees at the company's Folsom R&D campus and 51 employees in San Jose, California, will be impacted.
In terms of the teams impacted, ten GPU software development engineers and eight system software development engineers will reportedly be asked to be let go by the company, along with six cloud software engineers, six product marketing engineers, and six system-on-chip design engineers, amongst others.
Coming to Intel India, in June this year, there were reports that the company was planning to sell its Bengaluru office, which will operate in a "hybrid-first" model. An Economic Times report had mentioned that Intel's 250,000-square-foot office space on Old Airport Road was already under a bidding process, and a host of "well-known builders" had placed bids, with the deal expected to exceed Rs 450 crore.
The report further stated that the company was planning to rent office space from the new owners for three years, as confirmed by Intel in an email to ET.
