According to the TOI report, Intel has started implementing the large mass levels announced in August. The move has affected more than 2,000 jobs in many American states. It is being told that about 1,300 employees in Oregon, 385 in Arizona, 319 in California and 251 employees in Texas will lose their jobs due to pruning. The deduction is scheduled to begin on November 15, in which employees will get 60 days or four weeks notice with extra salary and benefits.
In early August, when the pruning was announced by Intel, CEO Pat Gelser informed the employees that the company was going to reduce its expenses. Intel said at that time that the company would pruning 15,000 employees. This was 15 percent of the company’s total workforce. This step was taken by the company to improve its financial condition. Gelsinger said at the time that this step was extremely difficult, but also very important.
For the last few months, the tech industry has been struggling with great upheaval. Workforce is constantly being reduced in big tech companies. Some companies are doing this due to losses, while some companies are thinking of reducing the expenditure on employees to invest in AI based new technology. In August alone, more than 27 thousand employees had to lose their jobs, including the announcement of Intel as well as big names like IBM and CISCO. With this, how many small startups have also done sorting. Talking about 2024, from the beginning to August, 422 companies were announced.
