Intel is planning to slash 20% of its workforce, or fully one in five employees. According to Bloomberg, Intel will announce the move later this week when it details its latest financial figures on Thursday.
Reportedly, the staff cuts will be pitched as part of a broader strategy to focus on engineering while streamlining operations and reducing bureaucracy. It's not entirely clear whether these cuts will be on top of the 15% reduction in work force Intel announced in August last year, or if the new 20% figure incorporates those job losses in part or whole.
