More tech layoffs as Intel deepens job cuts in California
JasonDoiy

According to filings with California's Employment Development Department, chipmaker Intel (NASDAQ:INTC) is cutting 201 jobs at its offices in Santa Clara, Calif.
While the pace and quantity is lower than some of its fellow tech peers, it is up from the 90 layoffs reported last month. Intel (INTC) is also adding to the 111 job cuts in Folsom, California.
All together 176 layoffs will be effective January 31, and an additional 167 job cuts will be effective March 15.
The company aimed to cut $3B in costs in 2023, according to its Q3 report and also reduced its FY outlook. The chipmaker is set to report Q4 results on Thursday, Jan. 26 after market close.
Dig deeper into cuts in the tech industry, in Seeking Alpha's Wall Street Breakfast on Tech Layoffs.
Last month, Adobe laid off about 100 employees; Meta announced 11,000 job cuts in November; Amazon to laid off more than 18,000 employees; Salesforce plans to cut its workforce by around 10%