MikeTrendsTrends right now

Mmastodon BusinessMarkets first seen 3 d ago, last 2 d ago, peak #1

Intel to lay off 67 employees at Folsom, California site

Original: $INTC · Intel to cut 67 employees in California On October 22, 2026, Intel Corporation filed a notice of a permanent lay

Intel filed a notice on October 22, 2026 confirming permanent layoffs of 67 employees at its Folsom, California facility, effective October 31, 2026. The cuts land shortly after the company's third-quarter report, and investors are watching whether further job reductions follow as Intel continues restructuring efforts.

Why now: The layoffs come right after Intel's third-quarter earnings report, fueling speculation about deeper cost-cutting.

IntelFolsom, California

Open on mastodon →

Evidence

API: https://socialmediatrends-api.osmike.com/v1/trends/4843180