Tech Layoffs 2023: Intel cuts over 100 jobs in the US in a cost-cutting measure

U.S based chipmaker Intel has cut over 100 jobs in the United States in a cost-cutting measure. As per a report by Sacramento Inno, the company has made 89 job cuts across its Folsom campus and 51 job cuts across its San Jose, California office. These layoffs come after the company announced cost cutting measures in May.

Intel is reportedly laying off 10 GPU software engineers, eight system software development engineers, six cloud software engineers, six product marketing engineers and six system-on-chip design engineers along with other employees. The layoff is expected to come into effect from the end of the month.

Also Read: Tech Layoffs 2023: Over 2 lakh employees laid off in 2023 so far; 40% rise since 2022

As per Media reports, the U.S based chip-maker said it will continue to focus on “Hybrid-first” model and was reportedly planning to enter a lease agreement with the new owners.