Unemployment is rising in Silicon Valley as Intel, Oracle and eight other companies cut local workforces

Unemployment is rising in Silicon Valley as Intel, Oracle and eight other companies cut local workforces

By Clare A. Fonstein
Publication Date: 2025-12-29 14:00:00

Intel, Oracle, GAF Energy and others have cut nearly 2,000 jobs in San Jose and Santa Clara this year due to restructuring and closures.