Tribune News Service — Two major technology companies are reportedly laying off workers across Texas, amounting to nearly 200 job losses in the Lone Star State. The companies are making these moves in separate bids to consolidate operations, according to the reports.
Intel informed the Texas Workforce Commission (TWC) on Wednesday that it would lay off 110 workers in its Austin office at 1300 S. MoPac Expy. According to the notice to the TWC, Intel has given workers a 60-day notice ahead of the layoffs, which begin Tuesday. The move comes less than a year after Intel slashed 250 jobs in Austin.
Austin isn’t the only area affected by the current Intel layoffs. The tech company and chip manufacturer headquartered in Santa Clara, Calif., is also cutting 529 jobs across Oregon, according to reports. Intel announced in June that it would cut up to 20 percent of its worldwide factory workforce, impacting around 10,000 employees. Hundreds of Intel employees are also reportedly in line to lose jobs.
“As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company,” Intel said in a statement regarding its cuts Monday. “We are making these decisions based on careful consideration of what’s needed to position our business for the future, and we will treat people with care and respect as we complete this important work.”
Amid these cuts come cutting comments from new Intel CEO Lip-Bu Tan. The Oregonian reported that Tan informed employees this week that the tech company has fallen off as an industry leader.
“Twenty, 30 years ago, we are really the leader,” Tan said in a company-wide broadcast. “Now I think the world has changed. We are not in the top 10 semiconductor companies.”
Meanwhile, International Business Machines — better known as IBM — informed the TWC last week that it will close its facility in Coppell, which is about 23 miles northwest of Dallas. As part of the closing at 1177 S. Belt Line Rd., IBM will lay off 59 employees. Some of the cuts will occur Aug. 29, while others will take place Nov. 30.
An IBM spokesperson told the Dallas Morning News that the company was consolidating operations in Texas, and that some employees in Coppell were given the opportunity to relocate to Austin.
Nationwide, IBM seems to be faring better than Intel, with its stock this year reportedly outperforming Big Tech stocks including Microsoft Corp., Meta and even the surging Nvidia, which this week became the first tech company to cross the $4 billion valuation threshold. IBM did lay off around 8,000 workers, according to reports in May, as a way to integrate more AI into Human Resources.
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