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

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

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

This article was written by Eamonn Sheridan at www.forexlive.com.

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