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Intel layoffs begin: Chipmaker is cutting many thousands of jobs

Intel
The layoffs figure to have a profound effect on Oregon's economy. Intel is the state's largest corporate employer and the semiconductor industry pays an average wage that's $100,000 higher than Oregon's overall average. Mike Rogoway/The Oregonian

Intel began laying off employees across the company Monday, notifying workers individually about whether they will keep their jobs.

New CEO Lip-Bu Tan told workers in April to expect major layoffs in the coming months as the chipmaker slashes costs and overhauls its organization after years of technical setbacks and falling sales.

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