In a revised letter to state and local officials on Thursday, tech giant Intel Corporation said it will be laying off 2,392 employees in Oregon.

The faltering company has laid off 4,000 in the U.S. this week. The impacts will be felt most acutely in Oregon.

Intel says affected employees will receive severance packages and job placement assistance. However, the layoffs still represent over 10% of Intel’s Oregon workforce — a major blow to the local ...

Intel layoffs: Intel is set to conduct the biggest round of layoffs in its history, and plans to sack about 2,400 workers in ...

The company’s ongoing eligibility for roughly $260 million in annual tax breaks may also come under renewed scrutiny, ...

Intel has confirmed a major restructuring plan that will result in nearly 4,000 employees losing their jobs by mid-July ...

Bu Tan, admits the company has fallen behind in the AI market and is unlikely to catch up with leading competitor Nvidia.

The comments come as Intel begins thousands of layoffs across multiple locations, a sweeping move aimed at making the company ...

Intel, the Bay Area tech giant whose failure to innovate alongside other major chipmakers has turned it into a laggard of the ...