Irish Intel Staff Offers 3 Months Unpaid Leave

Intel is offering three months of unpaid leave to thousands of workers in Ireland. dramatic recession in a global industry.

The company announced earlier this year that it was expanding its investment in a new facility in Ireland, but employees at Leakslip’s manufacturing plant have been asked, rather than told, to consider an offer of time off. said.

Intel said the scheme is a “voluntary leave program.” When asked what happens if too few or too many staff sign up, Intel added:

The move comes as tech companies have announced a wave of layoffs in recent months as they tighten their belts to cope with a slowing economy.

Semiconductor makers have been hit by a sharp recession, with many companies releasing weak sales and profit forecasts over the past two months.

October, Intel warned The company was preparing to cut thousands of jobs as it pledged to cut up to $10 billion from its cost base by the end of 2025 in the face of further deterioration in chip demand.

Mobile chip maker Qualcomm cut its sales outlook for the quarter in November as slowing consumer spending hit mobile phone purchases, while AMD warned of a 40% drop in sales of processors for PCs.

Intel expects its manufacturing staff to take time off in the first quarter of next year, but has not disclosed how many of the 4,500 employees employed by Leixlip will qualify.

Ireland relies heavily on giant technology and pharmaceutical multinationals, which account for more than half of its corporate tax revenue. In the nine months to September, about €14 billion was taxed, about €6 billion more than in the same period last year.

Many global technology giants have their European headquarters in Ireland. hundreds of jobs Expect Meta, Stripe, etc. to be lost on Twitter.

Ireland’s investment promotion agency, IDA, has not yet commented on Intel’s news. But he said in March that Ireland’s Taoisachi, Michelle Martin, welcomed the company’s decision to invest another €12 billion in new facilities in the country, on top of his €5 billion already committed. did. The new facility is expected to create an additional 2,000 jobs.

At the time, Martin said the investment was “. A deep and ongoing commitment to Ireland”. Irish Intel Staff Offers 3 Months Unpaid Leave

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