Intel spinoff cuts 82 tech jobs at Silicon Valley headquarters

Altera Corporation, the programmable chipmaker recently spun off from Intel, will permanently lay off dozens of jobs at its San Jose headquarters, the company told state officials this week.

According to a WARN notice filed with the state of California, 82 employees are slated to be permanently laid off starting in the fall.

Altera, founded in 1983, was acquired by Intel in 2015 for $16.7 billion and operated as Intel’s Programmable Solutions Group. Earlier this year, the company was spun off as an independent business, though Intel retains a 49% stake…

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