Intel Corporation is currently restructuring its assets and trying to find new owners for some of them, so the fate of the vacant land plots owned by the company was no exception. According to rumors, Intel intends to sell its land plots in California and Oregon.
Image Source: Intel
In Folsom, California, for example, a plot of 61 hectares may be put up for sale. According to official statements from Intel representatives, cited by Oregon Live, “the company’s global real estate strategy involves concentrating in fewer, higher-density locations and eliminating low-occupancy properties.” First, it will allow for greater personal interaction among staff. Secondly, the company will thereby reduce the cost of maintaining real estate.
The company does not intend to close its Folsom division, but is ready to optimize the use of this site. About 5,000 people work here in seven buildings on an area of about 150 thousand square meters. Among the options for optimizing the use of this site, partial leasing of excess space is mentioned.
In August, Intel announced a massive workforce reduction that was expected to put about 15,000 people out of work. Of those, Folsom laid off 272 people as of last month, and Oregon laid off 1,300 former employees. At the beginning of the year, about 23,000 Intel employees worked in the latter state. Even at its headquarters in Santa Clara, the company wants to optimize the use of office space.
Intel’s smallest campus in Oregon covers an area of about 20 hectares; it specializes in motherboard research and has been used for the company’s needs since the late seventies of the last century. Last month, 124 employees at that campus were laid off, but the company has no plans to sell local real estate, although it is offering existing employees to “densify” by moving to three other campuses in the state.