<ul data-eligibleForWebStory="true"><li>Intel has initiated layoffs in California as part of a restructuring plan under CEO Lip-Bu Tan, targeting a 15% to 20% reduction in the workforce.</li><li>The layoffs include chip design engineers and architects with a focus on eliminating excessive management layers. The company is also closing its automotive chip division.</li><li>Job categories being cut include physical design engineers, engineering managers, logic and product development engineers, cloud software architects, and various management positions.</li><li>The layoffs are set to start on July 15, with impacted employees receiving either 60-day or four-week notices along with nine weeks of compensation and benefits.</li></ul>

Beleaguered Intel lays off hundreds of engineers in California

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