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Tuesday, April 26, 2016

Intel plans 269 layoffs in Folsom

http://www.sacbee.com/news/business/technology/article73858367.html


Intel Corp., embarking on a plan to cut 11 percent of its global workforce, plans to lay off 269 workers at its Folsom research campus, the chipmaker told state officials Monday.
The disclosure marks the latest downsizing at one of greater Sacramento’s largest and most important private employers.
In a notice filed with the Employment Development Department, as well as officials with the city of Folsom and Sacramento County, Intel said the layoffs will take effect by the end of May. The notice came a week after Intel announced a major restructuring that would eliminate 12,000 jobs over the next year. That amounts to roughly 11 percent of its workforce and represents the largest cutback at the company since 2006.
In a separate EDD filing, Intel said it plans to eliminate 296 jobs at six different locations in its headquarters city, Santa Clara.

Read more here: http://www.sacbee.com/news/business/technology/article73858367.html#storylink=cpy

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