Intel’s cost-cutting plan also includes laying off about 15,000 employees, with about 1,300 expected to lose their jobs by the end of next month in Oregon, where the company is the largest business-to-business employer. This reduction threatens to become one of the most serious in the history of the state, in which Intel has its largest enterprise and research center.
Image Source: Intel
Note that it is in Oregon that Intel is now piloting its latest technological processes. In the future, they are scaled up at other company plants, but Oregon has remained the “cradle” of each new Intel lithographic process for many years. At the beginning of the year, Intel had a workforce of 23,000 people in Oregon. The early retirement of the company’s employees in this state allowed Intel to cut about half of its required number. It is not specified which departments will have the most positions cut.
At the same time, Intel is seeking to receive $8.5 billion in government subsidies for the construction of new enterprises in Arizona and Ohio, and the authorities of the latter state have allocated an additional $115 million for the modernization of a manufacturing cluster in Oregon. How will the upcoming staff cuts affect the pace of construction of new enterprises and the modernization of existing ones? difficult to predict. In Oregon, Intel has the world’s largest chip plant, and it uses the most advanced lithography. The upcoming layoffs should not seriously affect the social situation in Oregon, since the state has approximately 2 million workers and the unemployment rate in its territory does not exceed 4%.