Intel confirms more than 5000 layoffs: How tech sector is shifting...

Intel confirms more than 5000 layoffs: How tech sector is shifting toward leaner, more strategic workforce models

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Intel is laying off over 5,000 U.S. employees, exceeding initial estimates, primarily impacting Oregon and California. This restructuring, driven by CEO Lip-Bu Tan, shifts Intel towards leaner, strategic teams, reflecting an industry-wide move away from traditional large-scale operations. The company is also outsourcing some marketing functions and offering voluntary exits with severance packages.

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