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Oregon Faces Surge in Layoffs, Unemployment Hits 5%

9/14/2025

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Summary

Story summary

Oregon has experienced over 11,000 layoffs since last year, averaging more than 600 monthly in 2025.
Current unemployment stands at 5%, similar to job cuts during the Great Recession.
Intel, the largest employer, accounts for a third of these layoffs, cutting 3,700 jobs in 2024 and 2025.
Other notable layoffs include Wells Fargo (872), Nike (740), and OHSU (439).
The manufacturing, construction, and hospitality sectors face significant challenges.

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Story summary

Oregon has experienced over 11,000 layoffs since last year, averaging more than 600 monthly in 2025.
Current unemployment stands at 5%, similar to job cuts during the Great Recession.
Intel, the largest employer, accounts for a third of these layoffs, cutting 3,700 jobs in 2024 and 2025.
Other notable layoffs include Wells Fargo (872), Nike (740), and OHSU (439).
The manufacturing, construction, and hospitality sectors face significant challenges.