Despite its ongoing crisis, tech giant Intel is maintaining its reputation for supporting laid-off employees with substantial severance packages.
In the current round of layoffs, employees are expected to receive compensation based on seniority and salary, with long-term workers—some with decades at the company—potentially receiving up to 19 months’ pay. The average severance is estimated at 8 months to 10 months’ salary.
This round marks the first time layoffs have hit Intel’s Kiryat Gat campus, where approximately 100 to 200 workers, many not high earners, will be let go. Affected roles include mid-level managers and technicians at the Remote Operations Center (ROC).
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Intel employs over 9,000 people in Israel, with 4,000 at the Kiryat Gat plant, which remains a key asset despite the cuts. The layoffs are not limited to Kiryat Gat but span Intel Israel’s development and manufacturing sites, mirroring global reductions, including 54 job cuts in Folsom, 217 in Santa Clara and 194 in Ireland.
Intel’s recent annual investor report, led by CEO Lip-Bu Tan and previously unreported in Israeli media, underscores the Kiryat Gat factory’s importance. It highlights the plant as a central production site using Intel 7 technology, significantly contributing to the company’s revenue.
The layoffs reflect Intel’s global restructuring but do not diminish the strategic value of its Israeli operations, particularly in Kiryat Gat.