• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Intel to Cut Off Over 1,000 Employees, Yearly Ritual?

by Chinmay Bidkar
April 17, 2016
in News
Reading Time: 2 mins read
0
Intel to Cut Off Over 1,000 Employees, Yearly Ritual?
TwitterWhatsappLinkedin

51853156

You might also like

Jeff Bezos-Backed Methane Satellite Goes Dark After Revealing Startling Emission Levels

Linda Yaccarino Steps Down as X CEO Amid Platform’s Tumultuous Transition

Federal Court Strikes Down FTC’s ‘Click to Cancel’ Rule Designed to Simplify Subscription Cancellations

 

17 April 2016, USA:

There’s a bad news for people associated with Intel. This coming Spring, Intel Corp are cutting off around 1,000 or even more employees. It was just an year back when Intel laid off 1,100 employees.

According to Reuters, the cutbacks will reduce employment in some parts of the business by double-digit percentages, according to Intel insiders, amounting to thousands of job cuts across the company by the end of the year. The planned downsizing could begin soon after Intel reports its first-quarter financial results Tuesday, though sources say timing and specifics remain fluid.

jobs

The plans have not been officially announced inside the company and have not been publicly disclosed. Intel did not respond to repeated requests for comment this week.

Intel is still a hugely profitable company, with gross profit margins north of 60 percent, and it has forecast sales growth of more than 5 percent this year. However, it’s repositioning the business for long-term changes in the marketplace.

Intel has a singular role in Oregon’s economy as the state’s largest private employer, paying some of Oregon’s best wages. Companies that supply Intel and build and maintain its factories contribute thousands of additional jobs. They are looking to consolidate some operations and close some smaller outposts after a series of acquisitions Oregonlive said on Friday.

Intel had 107,000 employees worldwide at the end of December. Its Oregon headcount is at a record high, 19,500, up 5 percent since last summer as the company ramps up work inside a new, multibillion-dollar Hillsboro research factory called D1X.

Image : Reuters

 

Tags: Cut offsInteljobsUnemployment
Tweet54SendShare15
Previous Post

Your Dose Of Disruptive Tech For This Week !

Next Post

Technology To Double Wi-Fi Speed developed by An Indian-Origin Engineer

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Jeff Bezos-Backed Methane Satellite Goes Dark After Revealing Startling Emission Levels

by Harikrishnan A
July 10, 2025
0
Jeff Bezos-Backed Methane Satellite Goes Dark After Revealing Startling Emission Levels

A satellite designed to track methane emissions from space—backed by a $100 million grant from Jeff Bezos' Earth Fund—has been declared likely lost after unexpectedly falling silent. The...

Read more

Linda Yaccarino Steps Down as X CEO Amid Platform’s Tumultuous Transition

by Harikrishnan A
July 10, 2025
0
Linda Yaccarino Steps Down as X CEO Amid Platform’s Tumultuous Transition

Linda Yaccarino has stepped down as CEO of X, the social media platform formerly known as Twitter. Her resignation, announced on Wednesday through a post on the platform,...

Read more

Federal Court Strikes Down FTC’s ‘Click to Cancel’ Rule Designed to Simplify Subscription Cancellations

by Harikrishnan A
July 9, 2025 - Updated On July 10, 2025
0
Federal Court Strikes Down FTC’s ‘Click to Cancel’ Rule Designed to Simplify Subscription Cancellations

A federal appeals court has blocked a key rule from the Federal Trade Commission (FTC) that would have required businesses to make it easier for consumers to cancel...

Read more
Next Post
Technology To Double Wi-Fi Speed developed by An Indian-Origin Engineer

Technology To Double Wi-Fi Speed developed by An Indian-Origin Engineer

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?