Intel and Nike stumble, shaking two of Oregon’s economic pillars

Oregon relies on Intel and Nike to attract highly educated workers and sustain a network of suppliers and contractors that support their core businesses.

Intel announced Thursday it plans to eliminate 15,000 jobs across the company by mid-November .

Nike cut 5% of its jobs last year , including several hundred positions in Oregon .

Nike ’s troubles are in some ways similar, though its cutbacks are less severe.

Intel and Nike are especially important to the state's outlook because they employ many people and pay top-tier wages.

Oregon ’s semiconductor industry pays an average annual wage of $ 150,000 , more than double the statewide average.

Oregon economists and business organizations say they’re watching closely to see how the region's two major companies deal with their troubles.

Intel declined to comment on its future in Oregon , except to reiterate that its strategy for reinvigorating the company.

“We are all rowing in the right direction,” Claiborne said. “I don’t think that’s always been the case.” — Mike Rogoway covers Oregon technology and the state economy. Reach him at [email protected]. Our journalism needs your support. Please become a subscriber today at OregonLive.com/subscribe 2024 Advance Local Media LLC. Visit oregonlive.com. Distributed by Tribune Content Agency , LLC ..