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flag Intel plans to lay off up to 529 Oregon employees as part of a global restructuring effort.

flag Intel plans to lay off about 529 employees in Oregon, part of a larger restructuring effort to improve agility in the competitive semiconductor market. flag The layoffs, starting July 15, are led by new CEO Lip-Bu Tan, who aims to cut costs and streamline operations, potentially affecting up to 20% of Intel's global workforce. flag The company faces challenges from rivals like NVIDIA and aims to become more efficient under Tan's leadership.

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