SANTA CLARA — Intel has decided to slash well over 700 Bay Area jobs in July as the longtime chipmaker embarks on a restructuring it hopes will create a more nimble company.

The tech company filed a new WARN letter with the state’s labor agency that sketches out plans for 736 job cuts in Santa Clara at several locations at or near the company’s headquarters.

Intel had previously notified the state Employment Development Department that it intended to eliminate 410 jobs in Santa Clara, according to a filing dated July 8. Those estimates have increased, a WARN notice dated July 11 shows.

“Intel now anticipates that the planned action will affect a combined total of approximately 736 employees” who work at, or report to, several sites in Santa Clara, James Warner, Intel’s director of corporate people movement, wrote in the WARN letter. “These actions are still expected to be permanent.”

The first waves of layoffs began July 15 and were slated to be completed by the end of July, according to the WARN letter.

The semiconductor company had previously disclosed its intentions to cut 20% of its global workforce, which would equate to 21,000 workers worldwide.

Intel is far from the only tech company that is eliminating jobs in the Bay Area.

Over the first five months of 2025, the region lost about 14,000 tech jobs, according to seasonally adjusted industry estimates that Beacon Economics derived from the EDD’s official monthly jobs report.