Core Viewpoint - Intel plans to lay off 15% to 20% of its factory workforce, affecting over 8,170 to 10,890 employees globally, in response to cost challenges and financial conditions [1][2]. Group 1: Layoff Details - The layoffs are set to begin in mid-July, with the decision based on business priorities, individual assessments, and funding for ongoing projects [1]. - As of December 28, 2024, Intel's total workforce is approximately 108,900, down from about 124,800 the previous year [1]. - Intel's Oregon factory previously laid off around 3,000 employees but retained about 20,000 [1]. Group 2: Employee Impact - Approximately 50% of Intel's employees are involved in wafer fabrication, translating to about 54,450 individuals, with layoffs affecting a range of positions from factory workers to technical support [2]. - Key positions, such as engineers working on advanced process technologies, are less likely to be affected, while redundant roles due to automation may be targeted [2]. Group 3: Financial and Government Support - Intel received $7.9 billion from the CHIPS Act and $1 billion last year, but future funding is uncertain due to government reviews [3]. - Oregon has pledged $115 million in public funds, contingent on meeting future hiring and tax targets, with potential withdrawal if targets are not met [3].
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