Oregon’s top firms, Nike and Intel in mass layoffs

By Taxpayers Association of Oregon Foundation,

NIKE is cutting 2% of its worldwide workforce.  At home, 740 employees at their headquarters are being laid off.

As for Intel, they laid of 7,000 employees nationwide last year, and just announced a new round of layoffs this April.  Intel is one of Oregon’s largest private employers.

This is troubling news for some of our State’s most flagship businesses.

At this juncture, the recent policy of higher taxes, higher fees and more regulations that Oregon has been on may prove to be damaging to the health of businesses already under siege from bad economic conditions.   Now would be a good time to cut taxes, cut fees and reduce regulations.