The projected lay-off figure is based on anonymous sources and analyst expectations. Intel currently employs about 100,000 workers.
Intel is facing a decline in market share, revenues and profit. The chipmaker said earlier this year that it is preparing a major reorganisation that seeks to cut costs in excess of $1bn annually.
Intel has aggressively slashed prices for its existing products and is speeding up development of its next-generation processors as it attempts to win back market share from AMD.
AMD's Zen chip roll-out continues with the focus on high-power embedded applications
And becomes the team's executive chairman to boot
'Whatever the causes of political polarisation today, it is not social media or the internet,' claims Dr Grant Blank
Tesla founder leaves OpenAI group - while Valve Software's Gabe Newell joins