Bay Area Intel layoffs surface after tech titan warns of huge job cuts

SANTA CLARA — Fresh waves of Intel job cuts in the Bay Area have surfaced, the first local staffing reductions to materialize after the tech titan revealed a decision to chop thousands of jobs worldwide.

Intel has disclosed plans to cut 54 jobs at multiple locations in the Bay Area, all in Santa Clara, according to official WARN letters the chipmaking giant sent to the state’s labor agency.

Some of the Intel job cuts were at the company’s headquarters on Mission College Boulevard, while others were scattered among three other sites in Santa Clara, the WARN notice on file with the EDD shows.

In early August, Intel disclosed its decision to slash 15,000 jobs worldwide, a restructuring ushered in by “disappointing” results for the legendary Silicon Valley pioneer during the April-through-June second quarter.

“Our second quarter financial performance was disappointing, even as we hit key product and process technology milestones,” said Intel chief executive officer Pat Gelsinger. “Second-half trends are more challenging than we previously expected.”

With the latest revelations of staffing reductions, Intel has now chopped more than 1,100 jobs in the Bay Area during multiple job-cutting events in 2023 and 2024, according to this news organization’s review of the company’s WARN notices that it sent to the state EDD.

The tech industry has become an impediment to the region’s job market as the sector seeks to position itself for future opportunities such as artificial intelligence and sheds workers in less-promising endeavors.

The Bay Area has managed to add jobs over the past one-year period despite the region’s struggling tech industry.

Over the one-year period ending in July, employers in the Bay Area added 32,300 jobs, the EDD reported.

In sharp contrast, during the 12 months that ended in July, tech companies chopped a net total of 16,000 jobs in the Bay Area, according to a Beacon Economics estimate derived from the EDD’s seasonally adjusted figures.