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Stories continue to circulate over Intel Corp plans to shed up to 15 percent of its workforce in an effort to become more agile and focused company. Intel's spokesman Chuck Mulloy has consistently declined to comment on the rumors though IT website, theRegister.com has noted readers from Intel are concerned that major job losses are just around the corner.

Financial analysts have also begun touting cuts and Intel are planned that could reach 16,000 in number. Chief Executive Paul Otellini initiated a review of all Intel operations in recent months that has seen business units sold off and 1,000 managerial positions axed already.