Thread regarding Intel Corp. layoffs

Altera, semiconductor company owned by Intel, announces layoffs (+ Bay Area have been cutting here and there)

Altera, semiconductor company owned by Intel, announces layoffs

https://www.kron4.com/news/technology-ai/altera-semiconductor-company-owned-by-intel-announces-layoffs/

In the latest sign of ongoing struggles Intel, one of the semiconductor giant’s spinoff companies has announced dozens of Bay Area layoffs. Altera Corporation, a programmable logic devices (PLD) company that was acquired by Intel in 2015, will be cutting 82 jobs, according to state filings.

The layoff at Altera Corporation’s headquarters at Innovation Drive in San Jose are permanent, according to a filing at the Employment Development Department.

ntel layoffs: Chipmaker announces dozens more Bay Area job cuts

https://www.kron4.com/news/bay-area/intel-layoffs-chipmaker-announces-dozens-more-bay-area-job-cuts/

In the latest round of Bay Area tech layoffs, chipmaker Intel announced dozens of new job cuts. The cuts, according to state filings with the Employment Development Department, impact workers at several locations in Santa Clara, where Intel is headquartered.

The majority of the job cuts, 57, were at Intel’s headquarters on Mission College Boulevard. The chipmaker also cut 49 jobs at its location on Juliette Lane and a handful of jobs at its Bowers Avenue and Laurelwood Road facilities.


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| 2161 views | | 5 replies (last August 13) | Reply
Post ID: @OP+1k2g7d7kp

5 replies (most recent on top)

None of Intel's acquisitions panned out.

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Post ID: @cz+1k2g7d7kp

@an

Yes.

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Post ID: @cg+1k2g7d7kp

Doesn't intel only own 49%? i.e., no longer in control?

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Post ID: @an+1k2g7d7kp

Same area (Silicon Valley), different outlet:

Intel spinoff cuts 82 tech jobs at Silicon Valley headquarters

https://www.sfchronicle.com/tech/article/intel-layoffs-san-jose-altera-20814223.php

According to a WARN notice filed with the state of California, 82 employees are slated to be permanently laid off starting in the fall.

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Post ID: @a2+1k2g7d7kp

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