Intel Cuts Over 500 Oregon Jobs in Restructuring

Intel Corp. is cutting more than 500 jobs in Oregon as part of a broader restructuring plan expected to impact roughly 20% of its workforce. Layoffs, beginning July 15th, will affect facilities in Aloha and Hillsboro. This follows earlier cuts in California. New CEO Lip-Bu Tan is aiming to revitalize the company after years of declining performance, hoping to streamline operations and compete more effectively. The move, while impacting employees, is intended to make Intel a leaner, more efficient organization better positioned for future challenges in the semiconductor industry and AI computing.