PORTLAND — Intel is readying its third round of layoffs in the past 18 months, according to a report in the online journal TechCrunch. The trigger is reportedly poor performance in the company’s nascent wearables business.
TechCrunch cites “sources close to Intel” saying the cuts will significantly affect employees in its wearables group, a portion of the company that had been developing smartwatches, earbuds and electronics to be embedded in clothing, among other new technologies.
Intel did not respond to a request for comment.
The wearables business is relatively small, so the pending layoffs wouldn’t be nearly as substantial as the cutbacks Intel announced in April, when the chipmaker said it planned to eliminate 12,000 jobs across the company. It also shed more than 1,100 employees last year, citing poor sales.
Intel’s entire new devices group had just 579 employees in the United States following those layoffs, according to data obtained by The Oregonian/OregonLive in the spring. The information, which Intel provided to laid-off workers, showed the scope of the job cuts and the tally of remaining workers by business segment.