Altera, the programmable logic device (PLD) company spun off from Intel earlier this year, has announced plans to lay off 82 employees at its San Jose headquarters.
The layoffs, scheduled to take effect on October 3, 2025, were disclosed through a Worker Adjustment and Retraining Notification (WARN) filing with the state of California.
The company did not specify the affected roles, so readers remain unclear whether the impacted employees include engineers, managers, or support staff.
Estimates of Altera’s total workforce range between 1,079 and 1,600, making it difficult to assess the proportional impact of the cuts.
Transition Under New Ownership at Altera
The layoffs follow Altera’s transition to majority ownership by private equity firm Silver Lake, which acquired a 51% stake in the company from Intel for $4.46 billion earlier this year.
Intel retains a 49% minority stake but has ceded operational control to Silver Lake, allowing Altera to function as an independent entity focused on programmable logic solutions.
Silver Lake has appointed Raghib Hussain as Altera’s new CEO. Hussain previously served as President of Products and Technologies at Marvell and co-founded CPU developer Cavium.
His leadership marks a new phase for Altera, with strategic priorities now shaped by Silver Lake’s investment outlook and governance model.
Strategic Realignment and Market Focus
Sources familiar with the situation suggest that the job cuts are part of a broader strategic realignment under Silver Lake’s direction.
Altera is reportedly refining its focus on core markets such as automotive, aerospace, and telecommunications, while also expanding into emerging sectors including artificial intelligence (AI), cloud infrastructure, edge computing, and next-generation wireless technologies.
The company is emphasizing high-growth verticals to strengthen its competitive position in the programmable chip space, especially as demand for field-programmable gate arrays (FPGAs) grows in AI and data center applications.
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