Tech company Intel to dismiss thousands in Israel

Intel layoffs

According to reports in the US, Intel began dismissing more than 2,255 employees in Oregon, Arizona, Texas, and California last Tuesday. In Israel, the dismissals are set to begin after the holidays and will likely include several hundred employees out of the 11,000 employees in Haifa, Petah Tikva, Jerusalem, and Kiryat Gat.

According to the CRN website, most of the US layoffs, about 1,300 employees, are being dismissed at the development and production site in Oregon. There were 385 layoffs in Chandler, Arizona, 319 in San Jose, California, and 251 in Austin, Texas.

The dismissals were implemented with 30 days’ notice due to the country’s labor laws requiring advance notice when mass layoffs are involved.

According to reports in the US, 7,500 people had already signed up for voluntary retirement plans as of the beginning of October, which would mean layoffs of at least 7,500 employees between mid-October and mid-November.