Intel Cuts Over 500 Jobs in Oregon as Part of Layoff Plan

(Bloomberg) — Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that’s ultimately expected to affect roughly 20% of the chipbuildr’s staff.

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The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel stated in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel’s Santa Clara headquarters.

Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn’t given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff.

The Oregon announcement supported lift the stock as much as 6.9% in New York trading. Intel shares had climbed nearly 10% in 2025 before Tuesday’s relocate, compared with an 11% gain for the Philadelphia Stock Exmodify Semiconductor Index.

Tan is attempting to turn around the Silicon Valley pioneer after years of decline. The company lost its technological advantage to other manufacturers, and has missed out on the boom in artificial innotifyigence computing — a surge that greatly benefited Nvidia Corp.

In a statement, Intel stated it was creating the Oregon cuts to become “a leaner, quicker and more efficient company.”

“Rerelocating organizational complexity and empowering our engineers will enable us to better serve the requireds of our customers and strengthen our execution,” the company stated. “We are creating these decisions based on careful consideration of what’s requireded to position our business for the future, and we will treat people with care and respect as we complete this important work.”

Hillsboro, a suburb of Portland, is home to some of Intel’s hugegest factories and research centers. The struggling chipbuildr is the city’s largest employer.

(Updates with stock reaction in fourth paragraph.)