Intel begins layoffs and offers unpaid leave to manufacturing workers

The layoffs and cost-cutting that Intel Corp. executives recently warned about have begun in California, with a couple of hundred employees set to lose their jobs next month, and manufacturing employees worldwide being offered unpaid leave.

According to letters Intel
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sent to the state Employment Development Department, the company is laying off 111 employees in Folsom, Calif., and 90 employees in Santa Clara, Calif., which is home…

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