http://www.azcentral.com/story/money/business/economy/2016/04/26/intel-layoffs-chandler-top-500/83567316/
Intel Corp. will lay off 560 people in the city of Chandler, according to a letter the chip maker sent city officials Monday.
The
company will lay off 312 at its Intel Chandler, 5000 W. Chandler Blvd.,
and 248 at Intel Ocotillo, 4500 S. Dobson Road, according to the
letter.
The affected employees will be notified by Friday and the
terminations will be effective May 31, after which the workers will get
six weeks of pay and three months of COBRA health coverage. Additional
benefits, including payment based on years of service, are available for
those who sign a release agreement, according to the letter.
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