Intel Plans to Lay Off 129 Employees

[Andrew]

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Intel's handing out pink slips. The San Francisco Chronicle reported on February 13 that, according to filings with the California Employment Development Department, the company plans to lay off 129 employees from its Santa Clara headquarters.

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The company also reiterated that the layoffs affect less than 1% of its global workforce. It's also hiring for another 1,300 positions, although it's not clear if the people mentioned in these filings were given the opportunity to apply for those jobs.

 

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[ENTERPRISE]

I would imagine this comes down to departmental restructuring.