Intel Corp. plans to lay off 152 employees at its Folsom campus by July 15.
The cutbacks were outlined in a standard “WARN Act letter” that Intel sent to the state Employment Development Department, dated June 11. The Worker Adjustment and Retraining Notification Act requires large businesses to give early warning of layoffs and closures.
Intel employment at 1900 Prairie City Road has remained virtually constant at about 6,000 over the past five years. The proposed job cuts would represent a staff reduction of about 2.5 percent.
Intel spokesman Chuck Mulloy declined to comment Thursday.
The Intel letter said the company is “providing a variety of pay and benefits to the affected employees, including two months’ pay, career transition assistance and a minimum of four months of Intel-paid COBRA (health care) premiums.” The letter said additional payment based on years of service also will be offered.
The letter to EDD noted that the affected employees “do not have the right to displace or bump any other Intel employee, and they will not be recalled to work. None of the employees are represented by a union.”
Positions earmarked for layoffs in the letter to EDD run the gamut, from data analysts to system programmers. The largest position cuts listed are 16 graphics hardware engineers and 10 component design engineers.
Intel also posted notice of 165 proposed layoffs in Santa Clara, its headquarters.
Last week, The Oregonian newspaper in Portland, Ore., reported that Intel CEO Brian Krzanich had confirmed the newspaper’s previous report of layoffs spelled out in a company-wide email.
“Yes, we are implementing headcount reductions,” the memo said, according to The Oregonian. “With today’s incredible pace of innovation and change, companies consistently need the flexibility to invest in skills and experience required in new growth areas.”
Intel has repeatedly declined to comment on the possible extent of the reported cutbacks.
The company employs more than 105,000 globally.