Intel to cut workers in Austin amid cost-cutting move [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations:
intc.com/investor-relations/default.aspx
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Source: Yahoo! Finance
The Santa Clara, California-based company detailed plans for 251 Austin layoffs in a notice to the Texas Workforce Commission required under the federal Worker Adjustment and Retraining Notification Act, which mandates that employers alert local governments to large job cuts. Intel (Nasdaq: INTC) previously has said it had more than 2,000 employees in Austin — meaning the job cuts likely constitute more than 10% of its workforce here. The layoffs are taking place at the company's facility at 1300 S. MoPac Expressway. Read the full article on Austin Business Journal Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Recommended Stories
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