Chip giant Intel to lay off 235 employees in 5th job cut round this year

San Francisco: Chip giant Intel is laying off 235 employees in its fifth round of job cuts this year, and there may be more job losses at the company in 2024.

Santa Clara-headquartered company said it plans to lay off 235 employees at its research and development facility in Folsom (Sacramento County), reports San Francisco Chronicle, citing regulatory filings to the state.

The layoffs are scheduled to begin on December 31 and take place over two weeks.