Intel is laying off more than four times as many people in Arizona as the company had originally announced last week.
A Worker Adjustment & Retraining Notification Act notice issued by the chipmaker was updated to increase the number of job cuts from around 170 to nearly 700.
A spokesperson referred to Intel’s statement after the initial layoff announcement, which said it is “taking steps to become a leaner, faster and more efficient company.”
Intel claimed an $820 million loss in its first quarter this year. A second-quarter report is expected this month.
Late last year, the company finalized a $7.9 billion CHIPS Act funding deal, with roughly half going to its Ocotillo Campus in Chandler.
About 10,000 people work for Intel in the state.
KJZZ’s Greg Hahne contributed to this report.
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