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.
-
Entering the final year of her first term in office, Democratic Gov. Katie Hobbs called on state lawmakers to adopt a series of tax cuts that she says will benefit middle-class Arizonans. But those cuts don’t go far enough for the Republicans who control the state legislature. -
President Donald Trump announced recently he wants to do something that Democrats here in Arizona have championed before: bar Wall Street investors from buying single-family homes. -
The WM Phoenix Open has long been known as the rowdiest event on the PGA Tour. But things reached a tipping point in 2024, when tournament officials had to close the gates and shut down alcohol sales. -
The oldest members of the baby boomers, those adults born between 1946 and 1964, are turning 80 this year. So, is our state ready for this next wave? -
Are you a Taylor Swift fan? Do you like to work out? For anybody looking to shake it off, a Phoenix fitness club says hey, you belong with me.
