The current population of Hillsboro, Oregon is 107,299 with a working population of 58,000, so after Intel Layoffs it will be a ghost town. I imagine for every job at Intel, there are 10 supporting jobs from fast food workers to part suppliers. Therefore, even if the minimum 3,000 are laid off in Hillsboro, the unemployment of Hillsboro would be over 50% and they most likely leave town. Hillsboro will become the next Detroit, with other high tech cities to follow.
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Car dealerships will start hurting. Some restaurants will close.
Hillsboro will be great. Real estate prices start swooning and the backup at the tunnel on 26 will just get uglier.
Yes.
I am not sure about 10 for 1 .. but 1 engineer often has a family. Most likely wife is also working and children are going to day care or schools. Assuming 4 per family move out, that does eventually impact jobs all around. Any movement out of Hillsboro or rather Portland will impact the city's economics. How much and how soon Hillsboro can recover, that's difficult to guess
Lip-Bu was right. If Intel employees think there are 10 supporting jobs for every employee, Intel is irreparably inefficient.
There’s over 25k+ employees in Intel Oregon. I think they’ll be fine, but for how long?
Sorry but truely stupid question..If 10 workers do supporting job for 1 ee individually, then where is the money from to pay the 10 supporting workers' salary?
Intel was very “careful” to ship Principals and Fellows out to Hillsboro so that Intel wouldn’t have competition snatching their higher rank engineers. With WFH, remote work people may find jobs elsewhere and/or decide to leave Hillsboro. So yes, it may turn into a ghost town.