Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

This would be the second mass layoff at the company in less than a year. 15,000 jobs were cut in August as part of cost-reduction measures.

HILLSBORO Ore. (KPTV) - Layoffs and cutbacks are reportedly on the horizon for one of Oregon’s largest companies. According to Bloomberg news, Intel is expected to show plans to cut more than 20 percent of its workforce. According to the plan, the layoffs are part of a broader strategy to refocus on engineering culture.