Industry & Business

Intel to cut 12,000 jobs worldwide

Intel to cut 12,000 jobs worldwide

April 20
12:33 2016

download (1)Tech giant Intel has announced that it will cut 12,000 jobs of its 107,300 strong workforce worldwide.

The company currently employs around 5,500 people in Ireland. 4,500 of those are at its manufacturing campus in Leixlip and the remainder are located in its security business in Cork and its research and development labs in Shannon. It is unknown if its operations in Ireland will be affected by the planned global job cuts.

Intel said most of the employees affected by the layoffs will be notified in the next 60 days, while some of the cuts may happen through mid-2017.

The move aims to “accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices,” Intel said in a statement.

A spokesperson for Intel in Ireland last night said no site specific information is available yet and it would be another 60 days before that information would be known.

The company revealed in 2014 that it was in the process of spending over €4bn on upgrading the Leixlip manufacturing operation.

That work is now complete and the plant is producing 14 nanometer chip technology. In that context any cutbacks in Leixlip would be seen as a surprise.

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