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flag Intel plans to lay off over 21,000 employees, or 20% of its workforce, as new cost-cutting measures.

flag Intel is preparing to announce a significant workforce reduction, cutting over 20% of its staff, which amounts to more than 21,000 employees. flag The layoffs are part of aggressive cost-cutting measures under new CEO Lip-Bu Tan, following a previous $10 billion cost-cutting plan. flag The company aims to reveal these plans this week.

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