Intel is set to announce plans to cut more than 20% of its staff

  • Info via Bloomberg

Bloomberg citing an unnamed "person with knowledge of the matter."

Bloomberg is gated, in brief:

  • Intel to announce plans this week to cut more than 20% of its staff
The BBC with comments from the Intel CEO, says the firm is no longer considering building a factory

This will be around 20K lay offs. The firm laid off around 35K just a few months ago.

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