After layoffs, Intel planning to sell campuses amid cost-cutting drive; read company’s announcement

Intel, facing financial headwinds and declining revenue, is implementing cost-cutting measures including potential sale-leaseback of its 150-acre Folsom campus. While maintaining operations and its 5,000 employees, the chipmaker aims for more cost-effective space usage. This move follows layoffs and a broader restructuring as Intel navigates lost market share and reduced demand, also impacting its Oregon and Silicon Valley properties.