Intel is currently undergoing a restructuring of its assets and is exploring the sale of several land parcels it owns, particularly in California and Oregon.
Recent reports indicate that the company plans to sell a 61-hectare plot in Folsom, California. An Intel spokesperson explained that the company’s global real estate strategy is focused on consolidating operations into fewer, higher-density locations while divesting properties that have low occupancy rates. This strategy aims to enhance employee interaction and reduce property maintenance costs.
While there are no plans to close the Folsom unit, Intel is seeking to optimize the use of the site, which currently houses around 5,000 employees across seven buildings, encompassing approximately 150,000 square meters. One potential solution includes subleasing a portion of the excess space.
In addition to these real estate adjustments, Intel is also making significant workforce reductions. In August, the company announced plans to cut approximately 15,000 jobs. In Folsom, 272 layoffs occurred as of last month, with Oregon seeing 1,300 affected employees. Earlier this year, Intel employed around 23,000 individuals in Oregon. The company is similarly assessing office space at its headquarters in Santa Clara, California.
In Oregon, Intel’s smallest campus, covering about 20 hectares, has been dedicated to motherboard research since the late 1970s. Last month, 124 employees at this facility were laid off; however, Intel has stated that it does not plan to sell the local real estate. Instead, the company is encouraging its remaining employees to “densify” by relocating to three other facilities within the state.
