Intel Layoffs July 2024 India. Over 8,000 employees laid off; Plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.
Intel said it plans to lay off 235 employees at its research and development facility in folsom (sacramento county), as indicated by regulatory filings to the state. Layoff trends in the tech sector continued in july 2024, with the loss of over 8,000 jobs across 34 tech firms.