Intel is set to slash nearly 4,000 jobs across the US, with the deepest cuts — 2,400 positions — in Oregon alone. The layoffs, part of new CEO Lip-Bu Tan’s aggressive restructuring plan, reflect the ...

In a revised letter to state and local officials on Thursday, tech giant Intel Corporation said it will be laying off 2,392 employees in Oregon.

After announcing their initial plans to layoff over 500 people, Intel Corporation is now planning to layoff more than four times that number starting Tuesday.

Intel says affected employees will receive severance packages and job placement assistance. However, the layoffs still represent over 10% of Intel’s Oregon workforce — a major blow to the local ...