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Intel begins laying off 529 employees in Oregon as part of a global restructuring under new CEO Lip-Bu Tan's leadership.

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Intel is preparing to eliminate more than 500 positions in Oregon as part of a sweeping reorganization that may impact up to 20% of its global staff.

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Intel is laying off over 500 workers in Oregon, with more global cuts expected as the chipmaker undergoes a major restructuring under new CEO Lip-Bu Tan.