sourceIntel Corp. may cut 10 percent or more of its work force by early next week, according to published reports late Thursday that cited sources familiar with the plans.
Santa Clara-based Intel (Nasdaq: INTC), the world's largest computer chip-maker, employs an estimated 100,000 around the globe, including 7,000 in Folsom.
CNET News reported that Intel CEO Paul Otellini is expected to announce a layoff of up to 10,000, as early as Tuesday. The job cut is likely to target marketing staff, the site reported. A report by The Wall Street Journal puts the number as high as 20,000.
The cuts would be the latest in a string of actions taken by Otellini to restart growth at Intel, which posted a 57 percent drop in earnings for its second quarter.
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