Intel Lays Off 311 Employees in Santa Clara and Folsom, Continuing Mass Layoffs

Published on January 5, 2024

Intel recently laid off 311 employees across two campuses in California, 235 from Folsom and 76 from its headquarters in Santa Clara. These layoffs were announced on Nov. 3 and were scheduled to begin on Dec. 31, lasting over two weeks. Intel is one of the world’s largest and highest-valued semiconductor chip manufacturers. With over 7,000 employees, Intel’s Santa Clara location is the largest employer in Silicon Valley; and with over 5,300 employees, its location in Folsom is one of Sacramento’s largest employers. Over the past year, Intel has been making job cuts as part of a plan CEO Pat Gelsinger announced in October 2022 to weather a “pronounced slowdown in demand,” centered on cutting $3 billion in 2023 and up to $10 billion by 2025....

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