Intel trims a few hundred workers in Cali just in time for Christmas
(2023/12/21)
- Reference: 1703186412
- News link: https://www.theregister.co.uk/2023/12/21/intel_gifts_311_cali_workers/
- Source link:
For 311 workers in Santa Clara and Folsom, California, it wasn't the Grinch who stole Christmas: it was Intel.
The x86 giant announced the layoffs in a series of worker adjustment and retraining notification (WARN) [1]filings made to the US state's Employment Development Department.
The largest of these layoffs comes from Intel's Folsom offices, where the chipmaker operates a test floor and lab space. According to a WARN notice, received by the California EDD last week, 235 employees have been laid off permanently. In four separate filings, Intel said it [2]planned to lay off another 76 workers at its headquarters in Santa Clara. All 311 of the layoffs take effect December 31. Intel employs about 110,000 people worldwide.
[3]
"Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workforce reductions in areas across the company," an Intel spokesperson told The Register .
[4]
[5]
"We have more than 13,000 employees in California and continue to invest in areas core to our business, including our US-based manufacturing operations, to ensure we are well-positioned for long-term growth.
"These are difficult decisions, and we are committed to treating impacted employees with dignity and respect."
[6]
The layoffs cap off a challenging fiscal year for the processor giant, which kicked off Q1 2023 with a $2.8 billion loss. While the biz had returned to profitability in the second quarter, Intel was already well on its way to executing on its plan to [7]cut $3 billion of annual spending in 2023 and $10 billion by 2025. According to California's WARN report, Intel laid off 1,714 workers at its Santa Clara, San Jose, and Folsom offices in 2023.
[8]17% of Spotify employees face the music in latest cost-cutting shuffle
[9]Facing stiff competition, Intel's Lisa Spelman reflects on Xeon hurdles, opportunities
[10]Nvidia sees Huawei, Intel in rear mirror as it grapples with China ban
[11]Intel scores a reprieve in $2.18B VLSI patent case after court orders retrial
In addition to human capital, Intel has canned a number of high-profile projects, and scrapped several product lines in an effort to reduce costs. This included the cancellation of $900 million worth of research and development facilities [12]planned for Hillsboro, Oregon, and Haifa, Israel.
Before the year was out, CEO Pat Gelsinger had also taken the ax to Intel's server and PC divisions, and [13]end-of-life'd the company's Blockscale crypto-mining chips. Around that same time, Intel canceled its Rialto Bridge accelerators and [14]rewrote its datacenter GPU roadmap.
Ahead of Intel's Q3 earnings call in October, the chipmaker [15]revealed it was spinning off its FPGA business with former Datacenter and AI group EVP Sandra Rivera at the helm. ®
PS: We also noticed Splunk laying off 176 people in San Francisco and Santa Clara this month, and Marvell ditching 65.
Get our [16]Tech Resources
[1] https://edd.ca.gov/en/jobs_and_training/layoff_services_warn
[2] https://www.theregister.com/2023/01/23/intel_liquid_cooling/
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[7] https://www.theregister.com/2022/10/28/intel_layoffs_results/
[8] https://www.theregister.com/2023/12/04/spotify_layoffs/
[9] https://www.theregister.com/2023/12/18/intel_xeon_challengers/
[10] https://www.theregister.com/2023/12/06/nvidia_sees_huawei_intel_in/
[11] https://www.theregister.com/2023/12/04/intel_vlsi_reversal/
[12] https://www.theregister.com/2023/01/18/intel_israeli_research/
[13] https://www.theregister.com/2023/04/19/intel_blockscale_asics/
[14] https://www.theregister.com/2023/03/06/intel_delays_gpus/
[15] https://www.theregister.com/2023/10/03/intel_spins_off_fpga_biz/
[16] https://whitepapers.theregister.com/
The x86 giant announced the layoffs in a series of worker adjustment and retraining notification (WARN) [1]filings made to the US state's Employment Development Department.
The largest of these layoffs comes from Intel's Folsom offices, where the chipmaker operates a test floor and lab space. According to a WARN notice, received by the California EDD last week, 235 employees have been laid off permanently. In four separate filings, Intel said it [2]planned to lay off another 76 workers at its headquarters in Santa Clara. All 311 of the layoffs take effect December 31. Intel employs about 110,000 people worldwide.
[3]
"Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workforce reductions in areas across the company," an Intel spokesperson told The Register .
[4]
[5]
"We have more than 13,000 employees in California and continue to invest in areas core to our business, including our US-based manufacturing operations, to ensure we are well-positioned for long-term growth.
"These are difficult decisions, and we are committed to treating impacted employees with dignity and respect."
[6]
The layoffs cap off a challenging fiscal year for the processor giant, which kicked off Q1 2023 with a $2.8 billion loss. While the biz had returned to profitability in the second quarter, Intel was already well on its way to executing on its plan to [7]cut $3 billion of annual spending in 2023 and $10 billion by 2025. According to California's WARN report, Intel laid off 1,714 workers at its Santa Clara, San Jose, and Folsom offices in 2023.
[8]17% of Spotify employees face the music in latest cost-cutting shuffle
[9]Facing stiff competition, Intel's Lisa Spelman reflects on Xeon hurdles, opportunities
[10]Nvidia sees Huawei, Intel in rear mirror as it grapples with China ban
[11]Intel scores a reprieve in $2.18B VLSI patent case after court orders retrial
In addition to human capital, Intel has canned a number of high-profile projects, and scrapped several product lines in an effort to reduce costs. This included the cancellation of $900 million worth of research and development facilities [12]planned for Hillsboro, Oregon, and Haifa, Israel.
Before the year was out, CEO Pat Gelsinger had also taken the ax to Intel's server and PC divisions, and [13]end-of-life'd the company's Blockscale crypto-mining chips. Around that same time, Intel canceled its Rialto Bridge accelerators and [14]rewrote its datacenter GPU roadmap.
Ahead of Intel's Q3 earnings call in October, the chipmaker [15]revealed it was spinning off its FPGA business with former Datacenter and AI group EVP Sandra Rivera at the helm. ®
PS: We also noticed Splunk laying off 176 people in San Francisco and Santa Clara this month, and Marvell ditching 65.
Get our [16]Tech Resources
[1] https://edd.ca.gov/en/jobs_and_training/layoff_services_warn
[2] https://www.theregister.com/2023/01/23/intel_liquid_cooling/
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZYTEIBEIf6kVi0iAxoO95wAAAAY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[7] https://www.theregister.com/2022/10/28/intel_layoffs_results/
[8] https://www.theregister.com/2023/12/04/spotify_layoffs/
[9] https://www.theregister.com/2023/12/18/intel_xeon_challengers/
[10] https://www.theregister.com/2023/12/06/nvidia_sees_huawei_intel_in/
[11] https://www.theregister.com/2023/12/04/intel_vlsi_reversal/
[12] https://www.theregister.com/2023/01/18/intel_israeli_research/
[13] https://www.theregister.com/2023/04/19/intel_blockscale_asics/
[14] https://www.theregister.com/2023/03/06/intel_delays_gpus/
[15] https://www.theregister.com/2023/10/03/intel_spins_off_fpga_biz/
[16] https://whitepapers.theregister.com/
"These are difficult decisions"
Ho ho hoo. Sure they are.
They're just in time to ensure bigger management bonuses.
Merry XMas !