Latest news with #JackWeast
Hans India
10-07-2025
- Business
- Hans India
Intel to Lay Off 529 Oregon Employees Amid Major Global Restructuring
Intel is initiating another round of layoffs, this time affecting over 500 employees in Oregon, as the semiconductor giant undertakes a sweeping restructuring plan. The job reductions, scheduled to start on July 15, will impact staff at Intel's Aloha and Hillsboro locations. Regulatory filings confirm that 529 positions will be eliminated in this round. This latest move comes under the direction of Intel's new CEO, Lip-Bu Tan, who has launched an aggressive cost-cutting strategy intended to streamline the organization and improve operational efficiency. While the company remains profitable in several business areas, Intel recently posted a $1.6 billion loss, prompting this decisive shift. Intel previously issued a layoff notice in California, affecting 107 employees at its Santa Clara headquarters. A source familiar with the company's plans told Bloomberg that up to 20% of Intel's global workforce may eventually be impacted by the ongoing restructuring. In a formal statement, Intel said the Oregon layoffs are part of broader efforts to become 'a leaner, faster and more efficient company.' The statement further added, 'Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution.' The cuts are not limited to junior roles—key positions in engineering such as physical design, chip development, and cloud software, as well as leadership roles including a Vice President of IT, are among those being eliminated. Intel is also winding down its automotive chip unit in Munich, Germany, which had focused on software-defined vehicle platforms. That division, led by veteran executive Jack Weast, is expected to see most of its staff laid off. Affected employees are being given a choice between a 60-day notice period or a shorter four-week notice, both including nine weeks of pay and benefits. One of the divisions most impacted appears to be Intel's internal foundry, responsible for chip manufacturing. According to a memo shared with The Oregonian, up to 20% of manufacturing staff could lose their jobs. Tan emphasized a cultural shift at Intel, moving away from equating leadership with the size of one's team. Instead, the company will prioritize smaller, high-performance units focusing on mission-critical tasks. Additionally, Intel plans to outsource some of its marketing work to Accenture, which could integrate AI-driven customer engagement tools. These developments follow a challenging 2024 for Intel, during which 15,000 jobs were already cut. If further reductions proceed as expected, this could represent one of the most significant transformations of Intel's workforce in recent history. The company's moves are part of a larger trend in the tech industry, which has seen over 62,000 job losses in 2025 alone. Other major players like Microsoft, Google, Amazon, and Meta have also implemented sizable cuts in recent months.
Time of India
26-06-2025
- Automotive
- Time of India
Intel layoffs 2025: Design engineers, software architects lose jobs - these key divisions are next
Intel layoffs hit California hard: hundreds of chip engineers let go, automotive division shut down in major restructuring move- Intel layoffs have officially begun, with the tech giant cutting hundreds of jobs across California. The company is letting go of engineers, software architects, and even high-level executives, marking one of its biggest rounds of restructuring in recent years. The job cuts are part of a broader cost-cutting strategy driven by CEO Lip-Bu Tan, who had earlier warned that 15% to 20% of Intel's global workforce could face layoffs. In California alone, 107 employees based at Intel's Santa Clara headquarters have been notified of job termination. These layoffs, scheduled to start July 15, were confirmed through a WARN Act filing with the state, which mandates public disclosure when 50 or more employees are laid off within 30 days. Why is Intel laying off chip engineers and high-level managers? Intel layoffs are not limited to administrative roles. Surprisingly, the cuts include critical chip design engineers, logic developers, cloud software architects, and project managers. CRN reported that even senior positions like a Vice President of IT and multiple technology strategy leads are being eliminated. The layoffs affect 22 physical design engineers, three engineering managers, and several other developers tied to Intel's core CPU and GPU design teams. These aren't support roles — these are the people responsible for the chips powering Intel's main business lines. Intel says the move is aimed at streamlining operations and eliminating unnecessary management layers. But for many, the inclusion of high-value technical talent in these layoffs raises serious questions about Intel's direction and execution strategy. Live Events Also Read: US stock futures rise: Dow, S&P 500, and Nasdaq edge higher as Nvidia, BlackBerry, and QuantumScape rally What's happening to Intel's automotive chip business? One of the biggest shocks in the Intel layoffs is the complete shutdown of its automotive chip division. Intel is exiting the automotive market altogether — a dramatic decision considering the industry's rapid growth toward electric and software-defined vehicles. This unit was part of Intel's Client Computing Group and was led by Jack Weast, a respected Intel Fellow and former VP at Mobileye. The team operated primarily out of Munich, Germany, working closely with major European automakers. But now, that entire division is being scrapped. Most of the employees are expected to lose their jobs as Intel refocuses its efforts on core areas like client computing and data center solutions. It's a major shift for a company that once had ambitions to lead in automotive-grade semiconductors. How many Intel employees in California are losing their jobs? According to the WARN Act notice, 107 Intel workers at its Santa Clara headquarters are set to be laid off starting July 15. Affected employees have either received a 60-day notice or a shorter four-week notice, along with nine weeks of compensation and benefits. This wave of Intel layoffs is just part of a larger global reduction, with CEO Lip-Bu Tan confirming earlier this year that 15% to 20% of Intel's workforce could be impacted. These cuts are a direct result of Intel's ongoing attempt to cut costs, streamline operations, and restructure management hierarchy. Intel stock dips slightly after strong rally Intel Corp. (INTC) is trading at $22.20 , down 1.5% today after a recent rally lifted the stock earlier this week. How did Intel perform recently? June 24: Intel surged 6.4% , closing at $22.55 on strong trading volume (130M shares). 1-week performance: +3.3% 1-month gain: +9.6% 3-month change: –6.0% Year-to-date: –27.7% What's Intel's long-term strategy behind these layoffs? CEO Lip-Bu Tan is pushing for a leaner, faster Intel. In a company-wide memo from April, Tan criticized Intel's former practice of tying leadership performance to the size of one's team. Going forward, Intel's performance metrics will focus on execution and efficiency — not headcount. The goal is to remove unnecessary bureaucracy and speed up decision-making across the company. This strategy involves reducing overlapping roles and consolidating layers of management — even if it means letting go of some valuable engineers and architects in the process. Could this major restructuring help or hurt Intel's future? Intel layoffs may free up resources and reduce operational drag, but they also risk losing critical talent at a time when chipmaking is more competitive than ever. With AMD, Nvidia, and Apple ramping up innovation, Intel can't afford to fall behind. Shutting down the automotive division also means walking away from a major growth sector. While it might help Intel sharpen its focus on client and data center products, it also limits diversification — a move that could backfire if core markets slow down. Only time will tell if this restructuring brings the agility Intel is hoping for, or if it marks a deeper retreat from sectors where competitors are gaining ground. Intel layoffs hit over 100 employees in California, with more expected globally. Engineering and leadership roles, including chip designers, are being cut. Intel's automotive chip division is being shut down, with jobs in Munich affected. Layoffs begin July 15, according to California's WARN Act notice. CEO Lip-Bu Tan aims to eliminate bureaucracy and focus on execution speed. What's behind the recent moves? Foundry revival: Optimism is growing around Intel's 18A chip manufacturing process. Cost cuts: Intel is laying off 107 employees and winding down its automotive unit as part of a larger restructuring. Sector swings: Tech stocks are volatile, with Intel lagging behind rivals like Nvidia and AMD. What's next for Intel? Earnings report due July 24 Market watching foundry updates and restructuring progress Investor focus on cost management and recovery in chip demand FAQs: Q1: Why is Intel laying off chip engineers in California? Intel is cutting jobs to reduce costs and simplify its management structure. Q2: Is Intel closing its automotive chip business? Yes, Intel is shutting down its automotive chip division as part of a company-wide restructuring.
Hans India
26-06-2025
- Automotive
- Hans India
Intel Shuts Down Automotive Chip Division, Begins Mass Layoffs Amid Restructuring Drive
In a sweeping move to cut costs and streamline operations, Intel has initiated significant layoffs and decided to shutter its automotive chip division. The strategic shift comes under the leadership of newly appointed CEO Lip-Bu Tan, who has emphasized a push for leaner operations and reduced bureaucracy. According to a WARN Act filing, 107 employees based at Intel's Santa Clara, California headquarters will be laid off starting July 15. These cuts are part of a larger wave expected to affect Intel's global workforce next month, with reports suggesting up to 20 percent of employees could lose their jobs. In addition to the California job cuts, Intel is also closing its automotive chip business, previously operating out of Munich, Germany. The unit, which was developing software-defined vehicle platforms, was led by long-time Intel executive Jack Weast. The majority of staff from that division are expected to be let go. Despite reporting profits across various business segments, Intel posted a $1.6 billion loss recently, prompting this aggressive realignment. Impacted employees have been informed they will receive either a 60-day notice or a shorter four-week notice period, along with nine weeks of severance and benefits. This restructuring has touched roles critical to Intel's chip design initiatives, including physical design engineers, logic developers, and cloud software architects. Several senior positions are also being eliminated, such as engineering managers, business leads, and even a vice president of IT. Many of these roles are tied to key CPU and GPU development efforts. An internal memo cited by The Oregonian earlier this month highlighted that manufacturing teams could also see a 20 percent reduction. Intel's in-house chip production arm—central to its foundry ambitions—is likely to bear the brunt of this downsizing. Tan, known for his no-nonsense leadership style, is steering Intel away from equating management success with the size of one's team. 'The company needs to focus on empowering lean, high-performing teams to take ownership of key initiatives,' he stated. Leadership will reportedly decide how to best align layoffs with strategic business goals. Adding to the transformation, Intel is also outsourcing portions of its marketing function to Accenture. The consulting firm is expected to deploy AI solutions to handle customer engagement and communications. This year's wave of layoffs follows the company's decision in 2024 to cut 15,000 jobs. With more reductions looming, Intel is preparing for what could be its most profound workforce reshaping in recent history. Intel's downsizing is unfolding amid broader turbulence in the tech industry. According to over 62,000 tech workers have lost jobs in 2025 alone, with major firms like Microsoft, Google, Amazon, and Meta also making significant cuts as they recalibrate for the future.
South China Morning Post
24-04-2025
- Automotive
- South China Morning Post
Intel partners with AI firm ModelBest, chip designer Black Sesame on smart car systems
Advertisement The strategic partnerships were announced on Wednesday at the opening of the 10-day Shanghai Auto Show , where the US semiconductor giant made its debut to unveil the second-generation, AI-enhanced software-defined vehicle (SDV) system-on-a-chip (SoC), which it said would provide automakers with 'scalable performance, advanced AI capabilities and optimised cost efficiency'. 'Together with our partners, we're solving real industry challenges – from energy efficiency to AI-driven experiences – to make the software-defined vehicle revolution a reality for all,' Intel Fellow and vice-president Jack Weast , who serves as general manager of Intel Automotive, said at the event. Intel's collaboration with ModelBest and Black Sesame reflects growing demand in China – the world's largest electric vehicle (EV) market – for more computing power in increasingly sophisticated cockpits, as US semiconductor rivals Nvidia and Advanced Micro Devices ramp up their efforts in the auto chip market segment. That initiative followed Intel's decision last year to move the headquarters of its automotive unit to mainland China and relocate Weast to Beijing. Intel Automotive general manager Jack Weast, right, and ModelBest chief executive Li Dahai announce the two firms' strategic collaboration during the opening of this year's Shanghai Auto Show on Wednesday. Photo: Intel
