INFRA
INFRA
INFRA
Intel Corp. has quietly carried out a round of layoffs being described as one of its biggest in three years.
According to a report that appeared in The Oregonian today, the chipmaker has let go of “hundreds” of people from its internal information technology group.
The insiders who spoke with the paper said that the redundancies didn’t come as part of a cost-cutting move, but were rather the result of a change in Intel’s IT strategy. The company reportedly shifted certain work that was previously split among multiple contractors to outsourcing giant Infosys Ltd.
The cuts were apparently felt at multiple Intel sites. The chipmaker is said to have axed positions in Oregon, a number of other stateside locations and a “large administrative facility” in Costa Rica.
Intel confirmed the cuts in a statement without touching on any of the reported details. “Changes in our workforce are driven by the needs and priorities of our business, which we continually evaluate. We are committed to treating all impacted employees with professionalism and respect,” a spokesperson for the company said.
If the move did indeed affect hundreds of workers, it ranks as one of Intel’s largest workforce reductions since its big restructuring in 2016. That initiative saw the most broad-reaching cuts in the chipmaker’s history, with the company having axed 15,000 positions worldwide to divert resources to its data center business.
The layoffs at Intel come less than two weeks after it was revealed that Oracle Corp. is preparing for its own round of redundancies. According to reports, the database maker plans to eliminate anywhere from 500 to “several thousand” positions in order to free up resources for its cloud business.
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