Intel jobs cut: Company reportedly reduces work force and shifts towards 'Hybrid-First' mode
macroeconomic climate. However, the company did not disclose the specific number of employees to be affected at that time.
According to Business Today, “Intel is working to accelerate its strategy while navigating a challenging macro-economic environment. We are focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company.
We continue to invest in areas core to our business to ensure we are well-positioned for long-term growth. These are difficult decisions, and we are committed to treating impacted employees with dignity and respect." Previously, there were rumors that Intel intended to sell its Bengaluru office as part of its commitment to a "Hybrid-first" approach.
The company reportedly planned to engage in a lease arrangement with the prospective new owners. As per a media report, as a hybrid-first organization, they are actively evaluating and enhancing their space utilization to cultivate more dynamic work environments for their employees during on-site periods, all while achieving cost efficiencies.
Consequently, the company would be consolidating specific offices in Bengaluru. Despite this, Bengaluru retains its significance as a crucial hub for Intel's design and engineering efforts, boasting around 14,000 employees stationed in the area.
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