Last week was a pretty terrifying one for Intel employees after reports came out stating the company was set to let go 20% of its entire workforce. In good, but still relatively horrifying news for employees Intel has since quashed those rumours, saying the figure was overstated... though not how much by.
According to CTech, an all-hands video conference was held for Intel staff attempting to put these rumours to rest. During the call, Chief Financial Officer David Zisner reassured staff that the 20% or approximately 20,000 planned layoffs was overstated, but did not clarify what the actual number would be.
