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Intel eyes hundreds more Bay Area job cuts as tech layoffs worsen

Unemployment,Business

From the Left

SANTA CLARA โ€” Intel has decided to slash well over 700 Bay Area jobs in July as the longtime chipmaker embarks on a restructuring it hopes will create a more nimble company. The tech company filed a new WARN letter with the stateโ€™s labor agency that sketches out plans for 736 job cuts in Santa Clara at several locations at or near the companyโ€™s headquarters. Intel had previously notified the state Employment Development Department that it intended to eliminate 410 jobs in Santa Clara, according to a filing dated July...

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