It is clarified that this is already the third reduction in a year, and this time the company is going to lay off thousands of workers, mainly in the main division, which is engaged in the production of computer chips. This was facilitated by the decline in sales of personal computers worldwide and delays in the release of new products by Intel.
It is expected that because of this, the company may cut about 20% of the staff worldwide, including Israel. Much less funding has already been allocated to projects in both the US and Israel: $700 million worth of projects were closed at the Oregon development center and $200 million in Haifa. Intel’s development centers in Haifa, Jerusalem, and Petah Tikva are still operating thousands of Israelis.
However, thousands of people have already lost their jobs in California, Oregon and Ireland. The CEO of Intel even cut his salary by 25%, and the rest of the top managers by 5%. Now it will be the turn of Israel, where the company employs about 12,000 people. Unfortunately, if mass layoffs occur, it will increase unemployment in Israel’s high-tech sector.
Intel has not yet commented on this information.
