Intel to Cut 4,000 Jobs Worldwide

Folsom employer Intel Corporation, one of Sacramento Valley’s leading employers, recently announced it will be cutting 4,000 jobs in its global workforce, in an effort to cut costs. CEO Craig Barrett made this announcement early Tuesday morning, and it is not known how much this will impact Folsom employees. Employee headcount will be reduced through attrition, a voluntary separation program, as well as layoffs. More information is available in the Sacramento Bee.