Intel has laid off about 1,059 employees in Folsom, according to California’s Employment Development Department.

The relationship with the employee happened "some time back ... An executive search firm will assist in the process. With Intel's 50-year-anniversary in less than a month, the leadership shakeup ...

Intel CEO Pat Gelsinger and other executives are getting pay cuts in the double digits while senior employees will see their salaries slashed by 5 percent, according to a memo seen by CRN.