11:40 AM EDT, 06/25/2025 (MT Newswires) -- Intel ( INTC ) is laying off more than 100 employees in California and shutting down its automotive chip unit as part of broader cost-cutting and restructuring measures, multiple media outlets reported, citing company filings.

A June 19 notice filed under California's WARN Act disclosed that 107 positions would be eliminated beginning July 15, the reports said

Intel ( INTC ) previously indicated plans to reduce its workforce by 15% to 20% and streamline operations under CEO Lip-Bu Tan's leadership, the reports said.

Intel ( INTC ) did not immediately respond to MT Newswires request for comment.

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