Intel cutting 385 jobs in Chandler

Nearly 400 Intel workers in Chandler will lose their jobs as part of company cuts nationwide.

Intel hasn’t publicly shared what kind of jobs will be eliminated at its Ocotillo campus or when they’ll end, but some employees have posted on social media that their last day is Nov. 15. In a notice to the state, Intel said 385 employees would be affected. The semiconductor manufacturer has about 12,000 Arizona employees.

In August, Intel announced plans to cut about 15,000 jobs, or 15% of its nationwide workforce, and started offering early retirement packages.

In an Aug. 1 note to employees, Intel CEO Pat Gelsinger wrote, “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate. Our revenues have not grown as expected – and we’ve yet to fully benefit from powerful trends, like AI. Our costs are too high, our margins are too low. We need bolder actions to address both – particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”

In March, President Joe Biden visited Chandler to announce up to $8.5 billion in federal grants to help Intel expand in Arizona and other states. Intel has four Arizona facilities in operation and two under construction.