In a strategic move to streamline operations and recover from financial losses, Intel Corporation announced plans to sell its Folsom campus and lease back a portion of the space under new ownership. This decision, part of a broader cost-cutting strategy, comes after significant layoffs and industry challenges over the past two years.
The 150-acre campus, located at Prairie City Road and Highway 50, has been a hub of Intel’s operations since 1984. Once home to approximately 10,000 employees, the site now houses fewer than 5,000 workers across its 1.6 million square feet of office space, laboratories, and testing centers. Despite downsizing, Intel confirmed the Folsom campus will remain operational, with the sale and leaseback approach ensuring a more efficient use of space.
Keep Reading This Article at Folsom Times