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Intel Will Lay Off 15% To 20% of Its Factory Workers, Memo Says

2 weeks 5 days ago
Intel will lay off 15% to 20% of its factory workforce starting in July, potentially cutting over 10,000 jobs as part of a broader effort to streamline operations amid declining sales and mounting competitive pressure. "These are difficult actions but essential to meet our affordability challenges and current financial position of the company. It drives pain to every individual," Intel manufacturing Vice President Naga Chandrasekaran wrote to employees Saturday. "Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution. We are making these decisions based on careful consideration of what's needed to position our business for the future." The company reiterated that "we will treat people with care and respect as we complete this important work." Oregon Live reports: Intel announced the pending layoffs in April and notified factory workers last week that the cuts would begin in July. It hadn't previously said just how deep the layoffs will go. The company had 109,000 employees at the end of 2024, but it's not clear how many of those worked in its factory division -- called Intel Foundry. The Foundry business includes a broad array of jobs, from technicians on the factory floor to specialized researchers who work years in advance to develop future generations of microprocessors. Intel is planning major cuts in other parts of its business, too, but employees say the company hasn't specified how many jobs it will eliminate in each business unit. Workers say they believe the impacts will vary within departments. Overall, though, the layoffs will surely eliminate several thousand jobs -- and quite possibly more than 10,000.

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Vandals Cut Fiber-Optic Lines, Causing Outage For Spectrum Internet Subscribers

2 weeks 5 days ago
An anonymous reader quotes a report from Ars Technica: Subscribers in Southern California of Spectrum's Internet service experienced outages over the weekend following what company officials said was an attempted theft of copper lines located in Van Nuys, a suburb located 20 miles from downtown Los Angeles. The people behind the incident thought they were targeting copper lines, the officials wrote in a statement Sunday. Instead, they cut into fiber optic cables. The cuts caused service disruptions for subscribers in Van Nuys and surrounding areas. Spectrum has since restored service and is offering a $25,000 reward for information leading to the apprehension of the people responsible. Spectrum will also credit affected customers one day of service on their next bill. "Criminal acts of network vandalism have become an issue affecting the entire telecommunications industry, not just Spectrum, largely due to the increase in the price of precious metals," the officials wrote in a statement issued Sunday. "These acts of vandalism are not only a crime, but also affect our customers, local businesses and potentially emergency services. Spectrum's fiber lines do not include any copper." Outage information service Downdetector showed that thousands of subscribers in and around Van Nuys reported outages starting a little before noon on Sunday. Within about 12 hours, the complaint levels returned to normal. Spectrum officials told the Los Angeles Times that personnel had to splice thousands of fiber lines to restore service to affected subscribers.

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Clarifications and corrections

2 weeks 5 days ago
An article on 28 December 2024 featured the headline: 'Labour's £400 tax hit on family holidays: Passengers to be hit with highest ever levies on flights in multi-billion-pound raid'.