Despite receiving $2.2 billion in federal CHIPS Act funds, Intel plans to lay off 10,000 workers due to financial challenges. Simultaneously, the company is actively hiring specialized GPU engineers in India to advance its graphics performance and verification.
Intel set to lay off around 10,000 workers as the struggling chip giant is reportedly preparing to slash up to 20% of its global workforce next month—despite receiving $2.2 billion in federal funding under former President Biden’s signature CHIPS Act.
(Source: Intel)
The scale of the layoffs, amounting to around 10,000 workers, was disclosed in an internal email viewed by The Oregonian/OregonLive and confirmed by four Intel employees who spoke to the online news outlet.
“These are difficult actions but essential to meet our affordability challenges and current financial position of the company. It drives pain to every individual,” Naga Chandrasekaran, Intel’s vice president of manufacturing, reportedly wrote in the memo sent to employees on Saturday.
Intel hiring GPU engineers
Meanwhile, on the Intel site, under Intel Careers, the following job posting can be found:
LIKE WHAT YOU’RE READING? INTRODUCE US TO YOUR FRIENDS AND COLLEAGUES.