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Oregon Business News
Oregon Business News and Local Stories.
Intel’s Oregon Workforce Hit Hard as Layoffs Surge Past 2,000 Despite $260M in Tax Breaks
Following the unsettling news last week that the Intel Corporation planned to lay off over 500 workers, the tech giant later indicated that the number is about 4.5 times this, as almost 2,400 Intel workers will be laid off in Oregon.…
Tech Shock in Oregon as Massive Intel Job Cuts Hit Hillsboro and Aloha Campuses
The Intel Corporation announced yesterday that over 500 employees in Oregon will be laid off, with the first round of terminations slated to happen over 12 days, starting July 15.
The Tech giant said 523 employees at four facilities in…
These Oregon Small Towns Are the First to Reveal Financial Strain Before the State’s Economy Shifts
While Wall Street watches global markets as an indicator of economic stress, businesses on the main streets of small, local communities watch grocery bills and gas pump prices. They are the precursors of financial change.
To uncover the…
Nike Tops the List of Dream CEO Jobs for Graduates in Oregon, Survey Says
In a recent poll that asked 3,064 graduates, "If you could be the CEO of any company, which one would you choose," Google's Sundar Pichai’s job was the most sought after, while Nike's Elliott Hill was rated 19th overall, but the most sought…
Oregon-Based Energy Storage Firm Powin Files for Bankruptcy Amid $500 Million Debt
Powin, LLC, the a U.S.-based global energy storage integrator with headquarters and their main engineering location are based in Tualatin, Oregon filed a Chapter 11 bankruptcy petition in the District of New Jersey yesterday.
The…
Amazon Announces Purchase of Redmond Site to Upgrade Delivery Services and Create Jobs in Central…
Amazon announced yesterday that it has bought a property in northeast Redmond to speed up delivery services to Central Oregon customers, maintaining its investment in rural communities.
The property is situated on East Antler Avenue,…
Nike Joins 76 Footwear Brands Urging Trump to Exempt Shoes from Devastating Reciprocal Tariffs
Footwear giants Nike and Adidas added their brands to a letter from 76 footwear brands to Trump asking for exemption from reciprocal footwear tariffs.
Footwear Brands Want Tariff Exemption
The Footwear Distributors and Retailers…
Oregon Rideshare Drivers Rally at State Capitol to Push House Bill for Fair Pay and Protections
Dozens of Uber and Lyft drivers gathered at Wilson Park adjacent to the Oregon State Capitol on Monday morning to support House Bill 1166 which will provide them with minimum compensation rates, the ability to appeal against actions…
Oregon Sues Coinbase As Millions Face Losses After Federal Government Sidelines SEC Investigator
Oregon Attorney General Rayfield announced yesterday that his office is suing Coinbase for promoting and selling high-risk investments. The announcement came after the Trump Administration dropped its case against the crypto giant and…
Portland, Bend, and Eugene Lead as Oregon’s Top Cities for Launching Startups with Strong…
Portland, Bend, and Eugene are the top three cities selected by entrepreneurs to launch a startup business in Oregon.
The cities are ranked among the top 150 places in the U.S. to launch a new business in a poll of 3,024 respondents…