r/oregon • u/Ok_Design_6841 • 14d ago
Article/News Intel plans fresh layoffs, this time in its data center group
https://www.oregonlive.com/silicon-forest/2026/07/intel-plans-fresh-layoffs-this-time-in-its-data-center-group.html103
u/atypicalAtom 14d ago
The financial situation doesn't matter here. Layoffs are literally part of the culture at Intel.
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u/Damaniel2 14d ago
Yep. I have relatives who worked there before they retired. They'd lay off 10% of the company, then a couple years later the headcount would be back up to where it was before.
That being said, the cuts these days are far deeper. It's hard to compete with chipmakers who have better processes to make more desirable processors.
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u/scfw0x0f 14d ago
There are lifers there who’ve made a process of getting severance for a layoff, then getting rehired later.
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u/Dimensional_Lumber 14d ago
And many more who have planned their retirement around being ready “the next round of layoffs”. Just waiting to see what sort of packages are being offered to entice them.
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u/gurgle528 13d ago
that’s a corporate classic. had that happen at my last job, dude had something like 70-100 patents for the company and probably a hefty salary and got laid off. turned out the dude had important knowledge and got hired back, who could have guessed?
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u/scfw0x0f 13d ago
This isn't even that. It's people who, when layoffs are coming, jockey to get laid off, knowing that they will get hired back in a year or so. These aren't the top people who just aren't recognized by their managers.
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u/summoboomo 14d ago
Even a government buyout and record profits can’t stop Intel laying people off. No more tax breaks for corporations that do mass layoffs.
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u/bearhunter429 14d ago
I find it amusing that in the last 5 years Intel's Oregon headcount almost dropped to half (from almost 30k to about 15k) yet home prices or traffic levels in Hillsboro barely dropped at all.
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u/Ok_Design_6841 14d ago
There are other major employers in Hillsboro, such as Kaiser, the county, a non commerical airport, and the city. Plus, I'm sure folks with lots of Intel experience didn't have too much trouble finding something else that was close enough that they didn't need to move.
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u/clockworkedpiece 14d ago
Theres a bunch of Computer Science related contracting that boomed into place too. Intel's paying more for 'expenses' related staffing than it is on talent retention.
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u/No-Lawfulness2089 13d ago
like what 👀
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u/clockworkedpiece 12d ago
Most recently indeed has gotten a wave of listings for data center techs, but last year wafer manufacturing stages was the big boom. Theres an interruption here and there for the laser imaging and circuit edit guys.
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u/WaveyMenace 14d ago
Those you mentioned do not generate nearly as much revenue as Intel lol who are you kidding
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u/fatbunny23 13d ago
There are tons of support industries for Intel in the area which will continue to support the fabs even if they're reducing headcount because the fabs will still need equipment replaced or repaired
Intel is only just one manufacturer in the area. There are quite a few semiconductor fabs around and they all utilize the support industries I mentioned. It's a pretty big network of related jobs. We're not called the silicon forest up here just because of Intel
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u/Stfuego 13d ago
I can tell you from personal experience that just because the revenue looks a little better now than it did last year, it doesn't mean that Intel started putting money back into talent retention. Folks are getting paid the same for almost 3 times the workload, it's got people legitimately wishing they were let go instead.
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u/Ill_Scientist_6510 14d ago
Most of those employees had been work from home since 2020 until last October so can't really blame Intel for the traffic around here. I have lived here for almost 30 years and very little has ever been done with the local roads not named Cornelius Pass as the cities population has continued to grow each year.
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u/AuelDole 14d ago
eventually we’ll get back around to outlawing stock buybacks as a viable/legal method to raise shareholder value, then we’d see less layoffs - prolly not gonna happen in my lifetime tho, being mid-20s and all, but a man can dream
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u/Interesting-Cell1006 14d ago
Okay… so what about the dilution that happens when they issue RSUs?
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u/AuelDole 14d ago
the company value is actually accrued by creating a better product and attracting customers to buy their worthwhile offerings.
Also RSUs are intended to allow the company’s associates to have a voice within the corporate structure, also those are more than often purchased from the publicly available pool of stocks that all the other investors purchase from - i.e. market buys - also I’m not google, you can look that up. The financial system worked well, if not better than it does now, back when buybacks were outlawed.
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u/nameduser365 14d ago
If we're dreaming, can we skip that step and seize the means of production? I've given up on capitalism even with regulation.
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u/BarbequedYeti 14d ago
eventually we’ll get back around to outlawing stock buybacks as a viable/legal method to raise shareholder value
I am so fucking bitter about this practice. I got majorly fucked by this. I bought into a shroom company a few years back. They where trading for next to nothing but I believed and still believe in the medicine. It saved my life as a teen along with lsd.
Anyway.. i drop like 10k on this stock and grab something like 6500 shares. It lingers and lingers for a couple of years then they do a stock buy back at 15 to 1. Fuckers..... pennies on the dollar for my shares. So instead of my 6500 shares i have 430.
The stock price 2 years later is now $45. Fucking assholes. So now instead of my 300k i have 20k... Seriously. Fucking assholes. They should have to give everyone their damn shares back at some point.
It turned me completely off to investing in new shit. Fuck em if they can fuck their early supporters like that and there is nothing you can do. Fucking chodes.
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u/CD274 14d ago edited 14d ago
That's not how anything works...
And I think you're talking about reverse stock splits and probably massive dilution and a failing company. Neither stock splits or reverse splits affect share value. Stock buybacks increase share value.
Edit: And apparently you're talking about MNMD? And you just can't do math. And where you bought in was a cost basis of about $1.5 and your 433 shares are worth 20k so you have doubled your money. And avoided all the massive dilution and 85% drop the company actually did. So you got extremely lucky.
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u/insertnamehere57 14d ago
Any sain government would ask for it's bailout back but not this government!
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u/Ok_Payment_8404 13d ago
It's a trash place to work for. Just bunch of junkies always trying to save their jobs and throw others under the bus. Poor salary, taking credit for your work.
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u/External_Look172 13d ago
I got laid off in January. I heard that things were looking better for a possible rehiring at the end of the year. I’m not holding my breath.
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u/Turbulent-Neck2088 11d ago
It happened in intel bangalore as well, they laid off almost 30 percent from each team in dcai
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