Intel quietly lays off ‘hundreds’ of IT staffers in new cuts
Intel Corp. has quietly carried out a round of layoffs being described as one of its biggest in three years.
According to a report that appeared in The Oregonian today, the chipmaker has let go of “hundreds” of people from its internal information technology group.
The insiders who spoke with the paper said that the redundancies didn’t come as part of a cost-cutting move, but were rather the result of a change in Intel’s IT strategy. The company reportedly shifted certain work that was previously split among multiple contractors to outsourcing giant Infosys Ltd.
The cuts were apparently felt at multiple Intel sites. The chipmaker is said to have axed positions in Oregon, a number of other stateside locations and a “large administrative facility” in Costa Rica.
Intel confirmed the cuts in a statement without touching on any of the reported details. “Changes in our workforce are driven by the needs and priorities of our business, which we continually evaluate. We are committed to treating all impacted employees with professionalism and respect,” a spokesperson for the company said.
If the move did indeed affect hundreds of workers, it ranks as one of Intel’s largest workforce reductions since its big restructuring in 2016. That initiative saw the most broad-reaching cuts in the chipmaker’s history, with the company having axed 15,000 positions worldwide to divert resources to its data center business.
The layoffs at Intel come less than two weeks after it was revealed that Oracle Corp. is preparing for its own round of redundancies. According to reports, the database maker plans to eliminate anywhere from 500 to “several thousand” positions in order to free up resources for its cloud business.
Phot0: Isriya Paireepairit/Flickr
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.