Intel is allegedly planning job cuts across its company worldwide, according to reports.
The Oregonian newspaper obtained an internal memo, which indicates that the company wants to keep its expenses flat to match its reduced revenue outlook for 2015.
The memo doesn’t state how many members will lose their jobs, but revealed that the cuts will begin June 15th.
According to The Oregonian, the memo said: “We'll prioritise investments, slow down hiring, and drive other efficiencies, including a performance-based involuntary separation package.
“We need to reduce overall spending for the second half of the year.
“Some of this will come from reductions in employment and some from other spending cuts. Employee reductions will vary by business group."
The plan apparently comes after Intel revealed its quarterly earnings report, where sales were down by 8.4 per cent year-on-year.
The firm currently employs around 106,000 staff worldwide, and Intel has already identified some who will lose their position within the company.
This news comes after Intel revealed plans to back Thunderbolt USB-C technology at the trade show Computex 2015.
Intel unveiled its new Thunderbolt 3 USB cable during the event, which will provide four times the data and twice the video bandwidth of other cables.