It is a guarantee that Intel will be forced to reduce not just the number of individuals it employs overall but also the salaries paid to those workers and managers who remain. Both the building complex in San Jose where Analog Devices is located and the complex itself are currently up for sale.
According to the New York Post, Intel has put up for sale a complex of four buildings in San Jose, with a total area of about 47 thousand square meters, of which about 5300 square meters is reserved for laboratory space. During the next year or two, the company will consolidate operations in San Jose and Santa Clara. The complex has a total area of about 47 thousand square meters.
The problem with Silicon Valley Bank, which has in the past provided financing programs for the acquisition of office buildings, has reportedly been recognized for some time, as stated by industry specialists.
For the seventh year in a row, Analog Devices has placed a five-building complex in Milpitas, California, on the market for potential buyers to purchase. It was already the ninth straight quarter of expansion in California office space, having previously been powered by a pandemic with its remote work. Now, however, this aspect has forced firms to limit the number of people they have in their employ.