October 18, 2024 /SemiMedia/ — Intel announced on October 15 that it will lay off 1,300 employees across its four offices in Oregon in November, as part of a cost-saving plan revealed in August.

“We are making difficult but necessary decisions to reduce our workforce," an Intel spokesperson said in an email. "These are some of the hardest decisions we’ve had to make, and we are treating employees with care and respect. These changes support our strategy to become a leaner, simpler, and more agile company, while positioning Intel for long-term sustainability."

Intel notified the state of Oregon of the layoffs through a WARN notice. According to a statement from James Warner, Intel’s chief human resources officer, affected employees will be given at least two months' notice. The first round of layoffs is set to begin on November 15, 2024, and will be completed within 14 days.

Analysts note that Intel is working to reclaim its position as a technology leader after falling behind in the development of artificial intelligence (AI).