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The layoffs will be announced as early as this month and some of Intel (NASDAQ:INTC)’s divisions, including the sales and marketing group, could see cuts affecting about 20% of staff, according to the report.
The company had 113,700 employees as of July, Bloomberg News said.
Intel declined to comment on the job cuts.
The company in July slashed its annual sales and profit forecasts after missing estimates for second-quarter results.
