REPORT: Intel Plans To Cut Its Workforce By 5%

Intel plans to shrink its workforce by 5% this year, Reuters reports.

It's not yet clear how many of the jobs will be reduced by layoffs and how many will from attrition. Attrition is when people quit or retire and the company chooses not to replace them.

The company has 107,000 employees, Reuters reports.

We've reached out to Intel for comment.

More to come.