Intel is stopping the construction of the new campus in Haifa due to a process of cutbacks

Intel is stopping the construction of the new campus in Haifa, which it announced almost two years ago. According to the company, which in recent months has embarked on a process of cutbacks that has also been reflected in layoffs in Israel, the decision to cancel the establishment of the campus resulted from tests they conducted and according to which the existing offices will be sufficient for employees employed in Haifa.
This means that, of course, no new employees will be recruited in the near future. Intel Israel employs about 12,000 people and is the largest private employer in Israel. The company's efficiency plan is expected to continue for at least the next three years.
"As a company that has chosen to work in a hybrid work model, Intel is working to evaluate and maximize the utilization of its real estate space in order to create a dynamic and comfortable work environment for our employees, while we reduce costs," the company claimed.
"From the tests we conducted it emerged that we are able to provide an adequate response to the needs of our employees in Haifa through the existing offices, and therefore we decided to stop the construction of IDC12 and complete the parking structure. We emphasize that Intel Israel develops and produces technological solutions that change the world in fields that are a central and essential part of the IDM 2.0 strategy and in the company's future, including: computing, connectivity, artificial intelligence, cyber security and production, and we remain committed to the company's activities in Israel."
Intel announced as mentioned in April 2021 that it will build the new campus adjacent to the company's existing buildings in Haifa, to meet the needs of the company's approximately 6,000 employees in the field of hardware and software and in the development of future chips. The company then also announced the recruitment of 1,000 additional employees by 2021 - all of this, of course, before the revolution and crisis that hit the high-tech industry in the last year.
According to Intel's announcement about two years ago, the building was supposed to allow employees flexibility in combining work from home with work from campus, and include areas for individual work and shared and modular workspaces, which can be changed as needed and allow for face-to-face meetings with video participants. In addition, pop-up restaurants and workafe-style cafes, sports areas and green natural areas, a visitor center and an auditorium were supposed to be built on the new campus.
I am proud that Intel Global continues to invest and build the future in the development center in Israel," said the former CEO of the development centers Keren Eivshitz Segal, who about a month ago was appointed joint CEO of Intel Israel. "The new campus will lead us forward to a flexible environment that allows for optimal choice and integration Between the work from the campus and outside it."