Intel to sell Folsom site, lease back portion in newest financial move
2 days ago · Industry pressures fuel Intel’s ongoing cost-cutting. The decision to sell the Folsom campus is the just the latest in a series of moves by Intel to address mounting financial pressures. The tech giant has faced declining revenues and increased competition in the semiconductor industry, particularly in the burgeoning artificial intelligence ...
Intel to sell, lease back Folsom campus real estate
12 hours ago · Intel employed 124,800 worldwide as of December, according to regulatory filings. At the Folsom campus, which in the past has employed around 5,000 people , the company offered voluntary buyouts ...
Intel will sell 150-acre campus in California, assessing future
Intel eliminated 15,000 jobs this fall through buyouts and layoffs, part of a plan to shave $10 billion in costs.. Those cuts included 272 Folsom layoffs last month and 1,300 in Oregon, where ...
Intel’s latest global cuts hit Folsom with 272 more layoffs locally
Oct 17, 2024 · Some 1,300 employees will be laid off in Oregon in the newest reductions, in California, 319 Intel employees will be cut. At this time, 272 of those positions will be eliminated at the Folsom facility while another 47 employees will be permanently laid off at in San Jose.
Intel plans to sell, lease back its sprawling Folsom campus
1 day ago · Intel employed 4,300 people in Folsom at the end of 2023, after a series of layoffs in 2023 reduced staffing there by 784 people in the calendar year. Intel has been reducing staff and costs for ...
Tech giant Intel to lay off hundreds more from Folsom campus
Oct 17, 2024 · FOLSOM — Silicon Valley's Intel announced it will begin a new round of layoffs from its Folsom campus in November. Folsom, which is just east of Sacramento, is one of the fastest-growing...
Uncertainty looms in Folsom as Intel navigates mass global cuts
Aug 7, 2024 · As Intel Corporation faces global workforce reductions, a bit of uncertainty hangs over the community of Folsom, home to one of the company’s largest campuses. Intel recently announced plans to cut 15% of its workforce, approximately 17,500 employees, across the globe, in an effort to address its financial struggles.
Hundreds more Intel employees laid off from Folsom plant - FOX40
Oct 17, 2024 · (FOX40.COM) — Major tech company Intel is laying off more than 200 employees by November. Intel issued the notice on Oct. 15 to the California Employment Development Department (EDD), that 272...
Intel’s cost-reduction move means job cuts at Folsom, CA campus ...
Oct 18, 2024 · Intel plans to cut hundreds of jobs at its Folsom campus, as the Santa Clara-based tech giant struggles with declining demand and fierce competition. The company notified the state this week that...
Intel cutting 272 jobs in Folsom - Sacramento Business Journal
Oct 18, 2024 · Chipmaker Intel Corp. plans to cut 272 positions at its campus in Folsom in a permanent layoff as the company struggles to cut costs amid flat sales and growing competition.