Intel Announces Major Layoffs In US, India; Shares Jump 7%

HomeNews* Intel Corporation announces layoffs in both the United States and India to reduce expenses.

• Intel plans to cut 529 jobs in Oregon by July 15, with additional layoffs in California (271 jobs) and Arizona (172 jobs).
• Reports indicate that Intel India will reduce its workforce by 15-20%, affecting thousands of employees.
• The company will discontinue its automotive technology business, laying off most employees in that sector.
• Shares of Intel rose over 7% following news of cost-cutting measures, as the company’s market share continues to decline. Intel Corporation is implementing a series of layoffs in the United States and India as part of its efforts to lower costs. The company—once a dominant force in technology—has faced increased competition and is making these changes to address its current business challenges.

• Advertisement - According to a notice filed with Oregon state officials, Intel plans to cut 529 jobs at its Oregon site, with the layoffs set to take effect by July 15. The company has also confirmed layoffs of 271 workers in California and notified Arizona authorities of an additional 172 planned job cuts.

Intel’s operations in India are also affected. Reports state that Intel India, the corporation’s largest engineering site outside the U.S., will reduce its workforce by 15-20%. This change will impact thousands of employees in the country.

In a recent statement, the company said, “Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution.” Intel is also winding down its automotive technology business, leading to more job losses in that unit. The automotive segment, while not among Intel’s biggest businesses, currently supports chips used in roughly 50 million vehicles.

These layoffs mark the third round of major job cuts for Intel in recent years. The company has lost market share, which dropped to 65.3% in the first quarter of 2025—the lowest since 2002—as competitors such as AMD have gained ground. More information about the Oregon layoffs is available from Intel’s local announcement.

Following news of these changes, Intel shares increased by more than 7% on Tuesday. Investors appear to view these cost-saving steps positively, as the company seeks to improve its profitability and regain its competitive position.

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