Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens OC_Formula and Mr. Aviation for your clue delivery! CTOnews.com August 19 news, according to foreign media CRN local time on the afternoon of the 18th, Intel recently revealed that it plans to lay off more than 300 people in three office parks in California, which will be part of Intel's cost-cutting plan.

It is said that the job cuts will affect 30 jobs in AI, cloud computing and GPU, which are highly competitive areas of "strategic importance" for Intel. Intel said in an announcement that the company plans to start laying off employees on Aug. 31, and that some of the affected employees may move to new positions.

In terms of details, the layoffs affected 315 employees, 175 at Santa Clara headquarters, 89 in Folsom and 51 in San Jose. Intel had 131900 employees by the end of 2022, and more than 13500 employees worked in California, according to a local regulatory filing in January.

CTOnews.com previously reported that Intel CEO Pat Kissinger (Pat Gelsinger) said in an interview in late October that the company would begin targeted layoffs and other adjustments, including reducing factory hours to cope with the economic downturn.

He did not specify how many of Intel's more than 120000 employees would be affected. "We are actively solving the cost problem and improving the efficiency of the entire business." .

Intel said it was working to achieve $3 billion in cost cuts by 2023 and increase annualised cost cuts and efficiency gains to $8 billion to $10 billion by the end of 2025 (CTOnews.com Note: currently about 58.4 billion to 73 billion yuan). As a result, Intel will cut costs by up to $13 billion (currently about 94.9 billion yuan) over three years. Intel recorded restructuring expenses of $664 million (currently about 4.847 billion yuan) in the third quarter to reflect initial cost cuts.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.