Intel will cut about 400 jobs in Arizona as part of larger layoffs

Intel Corp. is laying off hundreds of workers in Arizona as part of the chipmaker's overall plan to cut 15,000 jobs worldwide.

Santa Clara, Calif.-based Intel (NASDAQ: INTL ) filed a workforce adjustment and retraining notice — or warning notice — Wednesday announcing plans to cut 385 jobs at its Ocotillo campus in Chandler, Arizona. Less than 4% of the 12,000 workers employed in Arizona were laid off.

Arizona companies with 100 or more employees are generally required to file warning letters with the state before mass layoffs or plant closings.

Intel's job cuts will add hundreds of skilled workers to the job pool as Arizona races to prepare its workforce for an expected explosion of growth in its semiconductor and skilled manufacturing industries.

The layoffs in Arizona and across the country were expected as part of cost-cutting measures Intel announced in August after the company reported a $1.6 billion loss in the second quarter.

“As part of the broad-based cost savings plan we announced in August, we are making the difficult but necessary decision to reduce the size of our workforce,” Intel said in a statement. “These are the most difficult decisions we've ever made, and we're treating people with care and respect. These changes support our strategy to become a leaner, simpler and more agile company as we position Intel for long-term sustainable growth.”

Read more on this story from the Business Journal.