Tech giant plans to cut hundreds of jobs at NorCal campus

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The Intel Corporation has told state and local officials it plans to lay off about 340 employees at its Folsom campus.

The news came in a WARN Act notice to state employment development agencies, Folsom mayors, and other officials. The WARN Act requires an employer to give a worker and state officials 60 days’ notice of her mass layoff.

In a statement to KCRA 3, Intel said, “This is a difficult decision and we are committed to treating affected employees with dignity and respect.

The company cites a “challenging macroeconomic environment” and is “focusing on identifying cost savings and efficiency gains through multiple initiatives, including some business- and function-specific headcount reductions in areas across the company. I put it there,” he said.

The company first issued a WARN Act notice on December 2 that it plans to furlough approximately 111 employees from January 31 at its 1900 Prairie City Drive facility. 176, but some workers may find other roles at Intel. Intel said all employees were notified 60 days in advance.

On January 13, Intel announced another layoff affecting 167 employees, saying they were “expected to be permanent.”

“All affected employees have received at least 60 days’ notice and notice of separation, with the first separation currently scheduled during the 14-day period commencing March 15, 2023. ‘ said the notice. “Additional segregation is expected after a 30-day period beginning March 15, 2023.”

With more than 13,000 employees across California, Intel says its Folsom campus is one of its largest locations. He is also one of the largest private sector employers in the region.

The Folsom campus consists of seven buildings with 1.5 million square feet of office and lab space.

As of Monday, Intel’s site still had 60 job postings.

Intel becomes the latest technology company to announce mass layoffs. About 40,000 employees have been laid off by Amazon, Microsoft and Google in recent weeks, according to Insider. Facebook’s parent companies Meta and Twitter cut thousands of jobs in November.


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