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Intel Cuts Over 500 Jobs in Oregon as Part of Layoff Plan [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Most Read from Bloomberg Are Tourists Ruining Europe? How Locals Are Pushing Back Denver City Hall Takes a Page From NASA Can Americans Just Stop Building New Highways? Philadelphia Trash Piles Up as Garbage Workers' Strike Drags On The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters. Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff. The Oregon announcement helped lift the stock as much as 6.9% in New York trading. Intel shares had climbed nearly 10% in 2025 before Tuesday's move,
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