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Layoffs at Intel

PORTLAND, Ore. (AP) – Company sources say Intel laid off hundreds of people at sites throughout the company.

The Oregonian/OregonLive reports Intel confirmed the layoffs this week but declined to specify how many people lost their jobs or describe the rationale for the cutbacks.

The cuts included Oregon, Intel’s largest site with 20,000 workers. Cuts also took place at other Intel facilities in the United States and at a large administrative facility in Costa Rica, according to people familiar with the layoffs.

Though Intel forecasts flat sales in 2019, people inside the company said this week’s layoffs don’t appear to be strictly a cost-cutting move. Rather, they said the cuts appeared to reflect a broad change in the way Intel is approaching its internal technical systems.

Information from: The Oregonian/OregonLive,

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